Credit risk and the probability of loan default among Singapore SMEs has risen in line with slower Q2 GDP growth of 3.8%. Among industries, the top four which are most vulnerable include the utilities, energy, financial and communications (including telecommunications) sectors. Ajit Raikar, CEO, Co-founder of Validus Capital talks us through SME financial health and the Validus-NUS Credit Brief on Singapore SMEs for Q2 2018.