Most Singapore companies able to service debt despite higher interest expense: MAS
DESPITE higher interest expenses, most companies in Singapore have been able to generate enough earnings to service their debt, said a report by the Monetary Authority of Singapore (MAS) on Wednesday (Nov 27).
The majority of listed companies are also resilient to interest rate and earnings shocks amid macroeconomic and financial uncertainties, although external-oriented and highly leveraged firms could be more vulnerable to such shocks, added the report.
The findings were published in MAS’ annual Financial Stability Review, which identifies potential vulnerabilities in Singapore’s financial system and reviews its resilience to potential shocks and risks.
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