S&P gives Temasek notes AAA

Standard & Poor's said it assigned its AAA ratings to the S$300 million of 4% series 4 guaranteed notes due 2029 and to the S$300 million of 4.2% series five guaranteed notes due 2039 issued by Temasek Financial (I) Ltd.

Temasek Holdings Pte. Ltd. (AAA/stable) unconditionally and irrevocably guarantees these issues, the agency added.

These notes were issued under Temasek's $5 billion medium-term note program, S&P said, adding that the three issues previously made as part of this program, making up a total of $3.75 billion, are also rated AAA.

According to the agency, the corporate credit rating on Temasek reflects the company's very strong liquidity position and highly diversified and liquid investments.

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