These public markers instil and preserve financial discipline, facilitate engagement with the wider community and broaden our stakeholder base. These are but one strategic facet of our commitment to lay the foundation for a robust and disciplined institution for the future.

The Temasek Review is a public scoreboard of our business and performance, published annually since 2004 as part of our stakeholder engagement efforts.

Our Credit Profile provides a snapshot of our credit quality. This year, we broadened this public marker beyond credit ratings to include key credit parameters based on the financials of Temasek as an investment entity. Since 2004, we have been rated AAA/Aaa by Standard & Poor’s Ratings Services and Moody’s Investors Service respectively.

Our Temasek Bond spreads are like singing canaries in coal mines. They serve as real time market signals in the event of credit weakening. Our Temasek Bonds and Euro-commercial Paper increase our funding flexibility and expand our stakeholder base.


Institutional Discipline

Public Marker Function Indicator
Temasek Review Scoreboard Business strategy and performance
Credit Profile Snapshot of credit quality Credit ratios and credit ratings
Temasek Bonds Singing canaries in coal mines Real time market signals of changes in Temasek’s credit
Refers to information of Temasek Holdings (Private) Limited (THPL) and its Investment Holding Companies (IHCs). IHCs are THPL’s wholly owned subsidiaries, whose boards of directors or equivalent governing bodies comprise employees or nominees of THPL, wholly owned Temasek Pte. Ltd. (TPL), and/or TPL’s wholly owned subsidiaries. The principal activities of THPL and its IHCs are that of investment holding, financing, or the provision of investment advisory and consultancy services to THPL and its IHCs.