This is a joint monthly publication by Validus Capital Pte. Ltd and NUS-CRI, providing credit insights on Singapore SMEs. The report summarizes the PD performance of listed SME firms across 10 major sectors (Bloomberg classification) and highlights the significant credit trends within each sector. SMEs rarely have access to capital due to a lack of information required for a conventional credit rating, but NUS-CRI applies its existing credit scoring models to SMEs by providing credit risk information derived from public companies. Published at the end of every month, the credit brief helps professionals and investors keep track of the credit risk of Singapore SMEs.To subscribe to the Credit Brief on SMEs, as well as other CRI reports, please fill up the details below.