S&P corrects Singapore Post rating

Standard & Poor's said it corrected its Asean regional scale rating on the senior perpetual cumulative securities by Singapore Post Ltd. to axAA+ from axAAA.

S&P said it is amending the Asean scale rating after discovering an administrative error when the ratings were first assigned on Feb. 23.

The ratings on Singapore Post and the A+ global scale issue rating on the securities were not affected.

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