Moody's cautions on Singapore banking

Citing a surge in real estate prices and rapid growth in lending, Moody's has switched its outlook for Singapore's banking system from stable to negative. "With the potential risk of a turn in the interest rate cycle, we view strong asset inflation and credit growth trends as vulnerabilities, as this combination would likely cause credit costs to rise from their current low base," said Moody's senior analyst Gene Fang.

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