Covered bonds resilient to Singapore’s property price fall
House prices have fallen in Singapore in the last two years, but covered bond ratings are highly resilient and have been stressed to price declines many times greater than the price falls seen, said Fitch. Bankers note that Singapore’s property price decline has been deliberately engineered and say it is one of the most regulated markets in the world.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: