- Ratings affirmed at AAA/A-1+/stable outlook
- Cites ‘ solid net external creditor position’.
- Vulnerability to ‘exogenous shock’ remains.
- Political stability supports rating.
- Sees 2012 budget surplus of about 3.9% of GDP.
- Singapore ‘prepared to introduce stimulus’ if needed.
USD/SGD trading at 1.2521/24 .
