DBP, Psalm credit ratings up to ‘BBB+’

May 03, 2019 12:20 am

S&P Global Ratings has raised its credit ratings on the Development Bank of the Philippines (DBP) and the Power Sector Assets and Liabilities Management Corp. (Psalm).

Both DBP and Psalm improved their scores to “BBB+” from “BBB.” The rating firm also gave the two state-run firms a stable outlook.

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