Fitch’s Ratings Bode Well for Singapore Businesses.doc

Fitch’s Ratings Bode Well for Singapore Businesses Fitch’s recent positive ratings of Asia’s economy vis-a-vis Eurozone’s will bode well for businesses in Singapore, says Rikvin. According to recently released data from Fitch Ratings, Asian economies have... More

Fitch’s Ratings Bode Well for Singapore Businesses Fitch’s recent positive ratings of Asia’s economy vis-a-vis Eurozone’s will bode well for businesses in Singapore, says Rikvin. According to recently released data from Fitch Ratings, Asian economies have better immunity to Eurozone’s fiscal issues than other regions as they have 1) limited exposure to European banks and 2) are more dependent on trade of consumer exports than they are of foreign bank lending. Fitch also did not revise China’s growth forecast from 8%, asserting that the country will not experience a hard landing in the near-term. Singapore company registration specialist Rikvin is optimistic that Fitch’s latest ratings will bode well for Singapore businesses as China’s growth story is intimately connected to Singapore’s and vice versa, the republic’s growth story is part of Asia’s larger growth story. Furthermore, Fitch’s ratings highlight Singapore’s role in contributing to Asia’s growth story. Rikvin has also det Less