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Can anyone explain what will be the impact of the rating? File photo: Singapore's skyline. Enlarge Caption SINGAPORE: Credit rating agency Moody's on Monday downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state. "The two main drivers underpinning our opinion are the recent period of rapid loan growth and rising real estate prices in Singapore and in regional markets where Singapore banks are active," it said in a statement. "These have increased the probability of deterioration in the banks' credit profiles under potential adverse conditions in the future." Moody's said Singapore banks have been operating in a favourable environment for an extended period amid low interest rates and strong regional economic growth, which has led to rising credit and asset inflation in the property and financial markets. Domestically, household debt increased to 77.2 percent of gross domestic product as of March 2013 from 64.4 percent at the end of 2007, with private property prices growing 120 percent during the same period. "Regionally, we observe similar or even more dramatic trends," Moody's added, noting that Singapore banks generate more than 37 percent of their revenues from overseas markets. A tightening of US monetary policy is a "potential trigger" that could have an impact on interest rates in Singapore and neighbouring countries as well as capital flows in emerging economies where Singapore banks are active, Moody's said. Federal Reserve Chairman Ben Bernanke said last week the US central bank would maintain its growth-oriented policies "for the foreseeable future". But some analysts expect its $85 billion-a-month bond purchases to taper off in coming months, possibly in September. Moody's outlook report covers prospects in the next 12-18 months for DBS Bank, Oversea-Chinese Banking Corp and United Overseas Bank.

more and more woman claim, said moody for them is a normal, always happen, beyond their control and nothing can be done. but they (woman) claim, it is not normal, happen with purpose , in their control and something can be done for moody from man can give your opinion about this? for me, it is hard to believe. it is all about whether they want or do not want to control the mood.

her hubby run lion with another married woman... sho moody these peepur ar.. tsk tsk

grey days, grey sky (haze or dark cloud)...........it is very quiet inside and outside the office, things were slow or even freeze, cause a moody feeling [bigcry] we are going to have such weather for next few days (or month).... going into deeper depression what is in your mind?......my elmo, i mean emo friends

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