Fitch: Singapore banks ‘well-placed’

A file photograph showing a view of the offices of Fitch Ratings in New York on 29 April 2010. - EPA

They can withstand potential losses from Asia’s oil and gas defaults

PETALING JAYA: Although highly exposed to credit risks emanating from the oil and gas (O&G) sector, Singapore banks remain well-placed to withstand potential losses, says Fitch Ratings.

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