S&P rates Temasek notes AAA

Standard & Poor's said it assigned an AAA rating to the €200 million 4.625% series 9 senior unsecured guaranteed notes due 2022, and the €500 million 5.125% series 10 senior unsecured guaranteed notes due 2040, issued by Temasek Financial (I) Ltd. Temasek Holdings (Pvt) Ltd. unconditionally and irrevocably guarantees these issues.

These notes are issued under Temasek's $10 billion guaranteed global medium-term note program. The eight issues previously made as part of this program also are rated at AAA.

The ratings reflect the company's exceptional liquidity position and highly diversified, the agency said.

The company's credit profile also benefits from ongoing support from its sole shareholder, the government of Singapore, the agency said.

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