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...
While closer ties to large conglomerates provide Philippine banks with ample capital and lending opportunities, these direct connections also increase lending risks within the groups, and financial distress at the conglomerate level could have a profound impact on the banks. “Financial distress...
Moody’s Ratings has affirmed the credit ratings of three of the Philippines ’ largest banks —BDO Unibank Inc., Bank of the Philippine Islands (BPI), and Metropolitan Bank & Trust Co. (Metrobank)—on the back of their solid capital positions, stable profitability, and strong liquidity, even...
Debt watcher Moody’s Ratings has downgraded Union Bank of the Philippines’ (UnionBank) credit ratings, citing deteriorating asset quality following rapid growth in retail lending and rising problem loan ratios. In its latest rating action issued on Monday night, April 21, Moody’s cut the...
While Security Bank Corp. shows overall financial stability, credit rater Moody’s Ratings revised its outlook on the bank’s ratings to negative, citing lingering risks, including the decline in its capital buffer, rapid loan growth, and reduced ability to absorb losses. “We revised the...
Moody’s Ratings, a credit rating agency, has upgraded Philippine National Bank’s (PNB) deposit ratings, citing the big bank’s sustained improvement in profitability, strong capital position, and solid liquidity as key drivers of the upgrade. Moody’s has raised PNB’s ratings for...
