Singapore Post (SG:S08) has released an update.
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Singapore Post Ltd. faces uncertainty as its ‘BBB’ rating is placed on CreditWatch Negative following the proposed sale of its Australian business, which has been a significant revenue contributor. This strategic shift could narrow the company’s operations, impacting its future earnings and strategy credibility. The repayment of Australian dollar-denominated debt offers some leverage relief, but a strategy reset is anticipated once the sale is finalized.
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