Metropolitan Bank & Trust Co. (Metrobank) and Security Bank Corp. posted steeper unrealized losses and faced greater pressure on their core capital buffers in the first quarter of the year, driven by their outsized exposure to volatile fixed-income holdings, according to Moody’s Ratings. The...
The Marcos administration’s decision to limit consumer subsidies shields the government budget from global price shocks but threatens to choke off private consumption and derail domestic demand, according to global debt watcher Moody’s Ratings. In its latest Asia-Pacific (APAC) report published...
Citing the need to finance the country’s ₱6.793 trillion national budget for fiscal year (FY) 2026, the Philippines has returned to the global debt markets with a triple-tranche offering of United States (US) dollar-denominated global bonds. In a statement issued on Tuesday, June 16, the Bureau...
Chinese imports are unlikely to displace the Philippine manufacturing base because many sectors have limited direct trade overlap with the country’s exports, according to global debt watcher Moody’s Ratings. Measured through the manufacturing vulnerability index (MVI), Moody’s found that the...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
Global debt watcher Moody’s Ratings affirmed the investment-grade ratings of Ty-led Metropolitan Bank & Trust Co. (Metrobank), citing the bank’s strong capitalization, solid asset quality, and ample liquidity despite risks from elevated inflation, slowing economic growth, and heavier reliance...
Global debt watcher Moody’s Ratings affirmed the deposit ratings of the Philippines’ largest lenders—Sy-led BDO Unibank Inc. and Ayala-led Bank of the Philippine Islands (BPI)—citing their strong profitability, solid asset quality, and ample liquidity buffers. Both lenders maintained their...
The Philippines is grappling with entrenched institutional weaknesses and rising geopolitical volatility that threaten to undermine its credit profile, according to global debt watcher Moody’s Ratings. While the credit watcher maintained the nation’s investment-grade rating at ‘Baa2’ with...
Moody’s Ratings affirmed the long-term deposit ratings of three major Philippine lenders, shifting its outlook on Security Bank Corp. to stable as capital pressures ease following the sharp slowdown in credit expansion. The global debt watcher kept the "Baa2" ratings—consistent with the...
Moody’s Ratings has assigned a first-time ‘Ba2’ corporate family rating to Philippine Airlines Inc. (PAL), citing the flag carrier’s dominant market position and rehabilitated balance sheet against the backdrop of looming energy emergency in the country. In a statement, Moody’s noted the...
The Marcos administration is returning to the international capital markets with a three-tranche offering of United States (US) dollar-denominated global bonds to finance its national budget and refinance existing debt, according to a report from Moody’s Ratings. In a statement on Tuesday, Jan....
Debt-watcher Moody’s Ratings projects the Philippine debt burden to stay above pre-pandemic levels as weakening debt affordability and elevated funding costs weigh on government finances despite recent easing by the Bangko Sentral ng Pilipinas (BSP). This also comes despite Moody’s affirmation...
