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...
Global debt watcher Fitch Ratings expects Philippine banks to face increasing costs as they write off unpaid debts and prepare for future losses while navigating an increasingly uncertain geopolitical and economic environment caused by the Middle East war. This outlook comes even as the Bangko...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
State-run Land Bank of the Philippines (Landbank) said the reason debt watcher Fitch Ratings opted to retain the government financial institution’s (GFI) ‘BBB’ investment rating was its sound fundamentals and solid governance. “Our investment-grade rating was affirmed because our...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. remains upbeat that the Philippines can clinch a coveted ‘A’ credit rating within the Marcos administration’s term, provided external pressures subside. “That’s still possible,” Remolona told reporters last week when asked...
British banking giant Barclays has maintained its “underweight” rating on Philippine sovereign debt, following Fitch Ratings’ decision to downgrade the country’s credit outlook to ‘negative’ amid mounting fiscal and growth concerns. In an April 20 report obtained by Manila Bulletin,...
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...
