Credit Rating

The Singapore Government has been accorded the strongest credit rating by international credit rating agencies.

Rating agency Local currency Foreign currency
Moody's Aaa Aaa
S&P AAA AAA
Fitch AAA AAA
R&I AAA AAA

What the rating means

Singapore's consistently high ratings show that it has strong creditworthiness, with a minimal probability of default.

For investors, this means that SGS bonds, T-bills and Savings Bonds are among the safest possible investments to hold.