Moody’s affirms Security Bank investment grade

Moody’s Investors Service has affirmed its investment-grade rating to Security Bank Corp, maintaining the “stable” outlook on the lender.
In a statement sent to reporters on Monday, the global debt watcher said it has maintained Security Bank’s long-term local and foreign currency deposit and issuer ratings of Baa2, a notch above the minimum investment grade.
Moody’s likewise maintained its short-term local and foreign currency deposit and issuer ratings at P-2,while baseline credit assessment (BCA) stood at baa3.
Counterparty risk assessments were also affirmed at Baa2(cr)/P-2(cr). — Karl Angelo N. Vidal