All credit to the Country’s Leadership
Singapore is among just a few countries to enjoy a Triple A credit rating, according to a report in The Straits Times today.
Canada, Denmark, Germany and Norway are the other countries in that list. Australia also figures in it, but it is at risk of losing the status because of its Budget deficit.
Significantly, Singapore has the TOP rating from all the major three credit agencies – Moody’s, Standard & Poor’s and Fitch.
Brexit cost the U.K. its top rating from Standard & Poor’s.
All credit to Singapore’s leadership for steering the country in the right direction.
But there is little room for complacency — and ratings do not mean much if the interests of Singaporeans in terms of jobs and education are compromised. And the Chinese are not the only Singaporeans!