Fitch upgrades outlook for PH banking system

By Mayvelin U. Caraballo

Jun 02, 2022 12:12 am

FITCH Ratings has revised its operating environment outlook for the Philippine banking system to stable from negative, citing lower pandemic-related risks and a continued economic recovery.

The debt watcher, however, kept the issuer default ratings (IDRs) of Fitch-rated local banks at negative, noting that its outlook for the Philippines was also negative.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

REITs seen outpacing property developers

Manila Water contracts with preferred supplier

Service revenues buoy Globe profit to P24.3B

Century Properties starts P1.2-B midrise devt

Del Monte Pacific sells Del Monte India stake

EEI divests from crane rental firm

SM Prime to spend P33B for expansion