We expect SingPower to continue to benefit from a "very high" likelihood of exceptional government support from the Singapore government over the next two years in the event of financial distress. We anticipate that the company will maintain its sustainable monopoly position in the stable, regulated power and gas transmission and distribution business in Singapore. We are affirming our 'AA' long-term corporate credit rating and our 'axAAA' long-term ASEAN regional scale rating on the Singapore-based utility. The stable outlook on SingPower reflects the outlook on the sovereign credit rating on Singapore. On Aug. 6, 2015, Standard&Poor's Ratings Services affirmed its 'AA' long-term corporate credit rating on Singapore Power Ltd. (SingPower). The outlook is stable. At the same time,
