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PHL recovery to be hindered by Nov. typhoons

THE economy’s recovery will be hindered by the series of typhoons that hit during the fourth quarter, with fiscal and monetary measures necessary to provide support, S&P Global Ratings said.

Banks’ recovery seen beyond 2022

THE Philippine banking industry may recover to pre-pandemic financial strength after 2022, although this will depend on the extent of the economic fallout from the coronavirus crisis, S&P Global Ratings said.

S&P affirms Meralco’s investment-grade rating

S&P Global Ratings has affirmed its BBB- investment-grade credit rating for Manila Electric Co. (Meralco) with a stable outlook as the listed firm takes on the impact of lower energy sales in 2020 and the delay in resetting its tariff regime.

Another year of single-digit loan growth for Philippine banks due to...

Credit risk research company S&P Global Ratings believes Philippine banks could see another year of slow loan growth as a result of the Covid-19 outbreak. While it expects trade and private investments to slow in the Philippines, dragging on banks' lending business, it also believes banks will be resilient to external pressures supported by strong fundamentals.

Outlook for PHL banks still stable

THE local banking industry will continue to benefit from robust economic growth of the Philippines, debt watchers Moody’s Investors Service and S&P Global Ratings said.

CTRP’s passage to boost PHL credit rating

S&P GLOBAL Ratings’ recent sovereign rating upgrade of the Philippines should convince lawmakers to pass the whole of Comprehensive Tax Reform Package (CTRP) so the country can get an “A”-level grade “in two years,” Finance Secretary Carlos G. Dominguez III said on Friday.

Napocor asks S&P Global to withdraw rating

S&P Global Ratings has withdrawn the ratings of state-led National Power Corp. (Napocor) at the request of the company, the firm said on Thursday, while affirming with a positive outlook the rating of another government energy entity Power Sector Assets & Liabilities Management Corp. (PSALM).

S&P Global Ratings ‘optimistic’ on Philippine banks’ growth prospects

By Melissa Luz T. Lopez, Senior Reporter PHILIPPINE BANKS will benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic...

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...

S&P upgrades Philippines’ credit outlook to ‘positive’

By Melissa Luz T. Lopez, Senior Reporter S&P Global Ratings bumped up its outlook on the Philippine economy, as it took stock of tax reform...

S&P hikes 2018 growth forecast for PHL to 6.7%

S&P Global Ratings has bumped up its growth forecast for the Philippines inspired by bets that consumption will pick up further this year, enough...