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DBM chief warns of SC ruling’s fiscal risk

THE GOVERNMENT’S fiscal position may be at risk from the Supreme Court (SC) ruling that local governments’ share in state revenues includes all national government taxes, not just those collected by the Bureau of Internal Revenue (BIR), Budget Secretary Benjamin “Ben” E. Diokno said on Wednesday.

‘Better-than-expected’ tax gains cited

“IMPRESSIVE” gains from tax reform bode well for the Philippines’ credit rating, Moody’s Investors Service said, even as local political noise and tighter global financial conditions pose risks for the economy.

Moody’s assigns investment grade to BPI’s $2-billion note program

Moody's Investors Service has assigned an investment grade to the $2-billion medium-term note (MTN) facility of Bank of the Philippine Islands (BPI). In a statement...

Petron keeps top credit rating for P20-B bonds

PETRON CORP. maintained the highest credit rating for its P20-billion outstanding bonds, a local debt watcher said.

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

S&P maintains bullish outlook for Philippine banks

The Philippine banking system is likely to benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to...

DBM chief sees Philippines bagging credit rating upgrade within the year

THE DEPARTMENT of Budget and Management (DBM) expects an improvement of the Philippines' sovereign credit rating this year, noting that it will be favorable...

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following...

Philippines moves further up investment grade

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES bagged a credit rating upgrade from Fitch Ratings on the back of continued solid economic growth, supported...

Moody’s Investors Service assigns investment-grade rating to UnionBank

MOODY’S Investors Service has assigned an investment-grade rating to Aboitiz-led UnionBank of the Philippines (UnionBank) with a “stable” outlook in line with the country’s...

PhilRatings gives PSBank top grade

PHILIPPINE SAVINGS Bank (PSBank) bagged the top corporate rating from a Manila-based debt watcher, with its solid loan growth and a stable funding profile...

Malaysian debt rater upgrades Philippines’ credit outlook

A MALAYSIAN debt watcher has upgraded the Philippines’ credit outlook to “positive” from “stable” in the face of strong economic growth, rising foreign investment...

Fitch raises PLDT outlook to stable

FITCH RATINGS on Wednesday said it revised the outlook on PLDT, Inc.’s Long-Term Local-Currency Issuer Default Rating (LC IDR) to stable from negative. In a...