S&P: SMRT unaffected

Standard & Poor's said the Singapore government's initiatives to spend about S$20 billion dollars to double the length of the rail network by 2020 by itself would not have an impact on the rating and outlook of SMRT Corp. Ltd. (AAA/stable).

S&P said the project will be funded by the government and will be tendered out in future to rail operators and, therefore, does not have an immediate impact on its credit profile.

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