Moody’s affirms BDO investment grade rating

By The Manila Times

Jun 29, 2017 12:50 am

CREDIT rating agency Moody’s Investors Service affirmed BDO Unibank Inc.’s “Baa2” investment grade rating with a stable outlook, after releasing the same rating action for the Philippines.

Moody’s said it expects the bank to receive support from the government in times of need but warned against the lender’s high exposure in the manufacturing sector.

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