Temasek's drawdown under S$5bil guaranteed MTN programme rated 'AAA'

The rating on Temasek reflects the company's large, well-diversified, and high-quality portfolio assets; above-average investment capabilities; and minimal leverage.

SINGAPORE: S&P Global Ratings has assigned its "AAA" long-term issue rating to a drawdown by Temasek Financial (IV) Private Ltd under the company's S$5bil guaranteed medium-term note program.

The rating agency said on Monday Temasek Holdings (Private) Ltd (AAA/Stable/A-1+) fully, irrevocably, and unconditionally guarantees the proposed notes.