Defaults on Corporate Bonds in Singapore’s near future?

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Amidst the slowing economy, one of the worse hits so far has been because of the slowing global trade and commodities market. This could mean high default rates for Singapore companies that have their corporate bonds due soon. With an increasing number of bond issuers attempting to refinance, the default rate is likely to go up. With non-performing business loans at rising for Singapore’s three biggest banks, trouble does seem to be lurking in the horizon.

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