Moody's retains negative outlook on Singapore's banks

KUALA LUMPUR: Moody's Investors Service is maintaining its negative outlook on Singapore's banking system over the next 12-18 months, as it has been since July 2013, and expects a moderate uptick in problem loans.

The international ratings agency said on Tuesday since the moderate rise in the problem loans would be because the banks had rapidly grown both their domestic and cross-border loans in recent years.