Moody's: stable view for Singapore banks

Moody's Investors Service said in a new report that Singapore's banking system outlook is stable, but that the long-term ratings of its three rated Singaporean banks, DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd., are negative.

As a small, open and trade-dependent economy, Singapore is highly exposed to external factors, Moody's said. As a result, if recoveries in most advanced economies remain weak, Singapore's long-term economic growth could be less robust than before the global economic slowdown, the agency said.

Nevertheless, the positive effects of the government's stimulus should continue to benefit the country in the near term, Fitch said.

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