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Moody’s sees steeper Philippine economic contraction

MOODY’S INVESTORS Service slashed its gross domestic product (GDP) forecast for the Philippines to -7% this year, after a deep recession in the first half dented hopes for a quick economic rebound.

PHL should look beyond infrastructure as supply chains shift — Moody’s

THE Philippines is a potential beneficiary of shifting supply chains after the pandemic, but it needs to look beyond its infrastructure focus and leverage its strong fiscal position to develop its human capital, Moody’s Investors Service said.

Moody’s backs PHL sovereign rating if reforms pass Congress

THE Philippine credit profile will remain intact despite the pandemic, provided that Congress manages to avoid political distractions and passes reforms urgently needed for recovery, according to Moody’s Investors Service.

Moody’s affirms UnionBank’s credit rating

MOODY’S INVESTORS Service has affirmed its investment grade rating UnionBank of the Philippines, Inc., citing the bank’s robust capitalization and large pool of liquid assets.

Inflated credit risk scores leave investors in the dark on real...

CONSUMER CREDIT scores have been artificially inflated over the past decade and are masking the real danger the riskiest borrowers pose to hundreds of billions of dollars of debt.

Moody’s Investors Service affirms credit ratings for BDO, Metrobank

MOODY’S INVESTORS Service kept its credit ratings for BDO Unibank, Inc. and Metropolitan Bank & Trust Co. (Metrobank), vouching for their sound footing despite loan defaults from an embattled Korean shipbuilder.

Moody’s flags capital outflow pressure

THE PHILIPPINES and other emerging markets are likely to see more outbound capital at a time of rising global yields and an ongoing trade dispute between the United States and China, a credit rater warned on Thursday.

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.

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...

Moody’s flags added political risk as it affirms Philippines’ investment grade

MOODY’s Investors Service on Friday affirmed Philippines’ “Baa2” rating — one notch above minimum investment grade — and “stable” outlook, citing the economy’s overall strength, even as it flagged risks from rising inflation and the planned shift in government form.

Banks’ fund raising to bolster lending

ACTIVE fund-raising initiatives taken by Philippine banks should help sustain robust lending in the country, especially amid strong demand for infrastructure financing, a global credit rater said.

Moody’s expects sovereign green bond issuance to accelerate

By Cathy Rose A. Garcia, Associate Editor Sovereign green bond issuance is seen to pick up pace, as governments promote sustainable policy agendas and encourage...

‘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 sees little risk of problem loans despite rising rates

THERE SHOULD BE little risk of problem loans even as interest rates rise further, a global credit rater said, noting that policy adjustments can be expected to temper credit growth.

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...

Moody’s assigns CRRs to PHL banks

MOODY’S INVESTORS Service has assigned counterparty risk ratings (CRR) to 10 Philippine banks, assessing the lenders’ capability to carry out their contractual obligations.

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.

Philippine banks’ 2017 profits shoot higher on strong loan growth —...

Moody's Investor Service said the robust loan growth drove higher the profit of Philippine banks in 2017, although this puts pressure on the lenders'...

Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7%

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according...

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...

Moody’s flags default risk from retail lending

THE Philippine banking system should be stable over the next 12 to 18 months as banks are strong enough to accommodate “rapid” lending growth,...

Economic prospects intact despite rising risks – Moody’s

THE PHILIPPINES faces rising capacity constraints and political risks that nevertheless have not dented the economy’s prospects, Moody’s Investors Service said in a Sept....