Singapore’s country risk rating has been downgraded from A2 to A3, according to the latest July 2025 Risk Review from Coface. Coface noted that Singapore’s macroeconomic outlook has become less favourable, with trade in goods and services accounting for more than three times the size of its GDP. The downgrade highlighted how exposed Singapore is to global economic fluctuations, particularly as the US, one of its key export partners, imposes sweeping tariff changes. https://sbr.com.sg/economy/news/singapore-slips-a3-risk-rating-amidst-deepening-tariff-threats (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 17 July 2025