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ASEAN lenders likely to accelerate digital shift due to pandemic —...

BANKS in the ASEAN region are likely to hurry along their digital transformations due to the pandemic and the resulting social distancing measures, Fitch Ratings said.

Fitch blames slow credit growth on trade issues

THE SLOWDOWN in credit growth despite the rounds of monetary easing by the central bank could be blamed on a decline in loans to the manufacturing sector, according to Fitch Ratings.

Fitch sees telcos turning to debt to fund capex, 5G prospects...

THE Philippine telecommunications sector is expected to spend more than it can generate internally over the next 18 months, with telcos turning more to debt to fund their future capital expenditures, Fitch Ratings said.

Large banks to show ‘greater resilience’ to risks

THE COUNTRY’S biggest banks will show “greater resilience” despite changing operating conditions compared to their mid-sized peers, Fitch Ratings, Inc. said in a report on Thursday.

Fitch affirms PHL telcos’ ratings

FITCH Ratings on Wednesday affirmed the long-term foreign- and local-currency issuer default ratings (IDR) of PLDT Inc. at “BBB,” and of Globe Telecom, Inc. at “BBB-.”

Credit raters caution against watering down tax reforms

THE CURRENT FORM of the second tax reform package, as approved by a House of Representatives committee earlier this month, risks slowing momentum of progress in state revenues and infrastructure spending, senior executives of Fitch Ratings and Moody’s Investors Service warned.

Lower RRR to boost banks’ profit

By Melissa Luz T. Lopez, Senior Reporter REDUCED reserve requirements will help boost incomes of Philippine banks, Fitch Ratings said, even as it flagged that...

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...