SINGAPORE'S banking system has emerged from the global financial crisis as one of the Top 4 in the world along with Canada, Australia and Hong Kong, according to ratings agency Moody's.
Moody's Investors Service rated the banking sector in these four jurisdictions as having a 'stable' outlook with an averaged bank rating of B, one notch below the highest rating A.
Singapore banks have been more resilient than many global banks throughout the crisis, with limited damage to their asset quality, adequate earnings, and very liquid and well-capitalised balance sheets.
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