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Budget delay may weaken credit rating

A DELAY in the passage of the 2021 national budget will not just weigh on the Philippine economy’s recovery from the pandemic, but also affect its credit profile, according to Moody’s Investors Service.

Bad loans seen to rise until 2022 — Moody’s

MOODY’S Investors Service expects bad loans to double on average across 14 Asia- Pacific economies, including the Philippines, by 2022 as the coronavirus crisis drags on.

Moody’s keeps credit rating for Philippines

MOODY’S Investors Service on Thursday kept its Baa2 rating with a stable outlook for the Philippines, saying the country’s strong fiscal position in recent years will help shield it from the impact of the coronavirus crisis.

Moody’s lowers outlook on PHL banking industry to ‘negative’

MOODY’S INVESTORS Service lowered its outlook on the Philippine banking industry to “negative” from “stable,” with the Luzon lockdown meant to arrest the spread of the coronavirus disease 2019 (COVID-19) seen to take its toll on banks’ assets and profitability.

Moody’s cuts Philippine growth forecast further

MOODY’s Investors Service has further reduced its projection for overall Philippine economic expansion, which disappointed at a four-year-low 5.5% last quarter and clocked in at the same pace in the first half against the government’s 6-7% target for 2019, even as it said “domestic demand” — especially government spending — should pick up this semester.

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Growing prime-age population to boost PHL banks

THE PHILIPPINE banking system will likely benefit from fast-growing prime-age populations, Moody’s Investors Service said, flagging concerns on proximity to lenders as a key hurdle to penetration.

PHL banks to favor digitalization over mergers or acquisitions for expansion

PHILIPPINE BANKS are less likely to explore mergers as they now favor digitalization in their bid to expand their client base, a credit analyst said.

Local banks well-positioned to meet new liquidity requirement

BIG BANKS are well-positioned to meet new liquidity rules from the central bank, but will have to boost deposit taking and long-term loans to beef up funding, Moody’s Investors Service said.