LandBank welcomes Fitch outlook upgrade

By The Manila Times

Jun 10, 2023 12:26 am

STATE-RUN Land Bank of the Philippines on Friday said that Fitch Ratings' having upgraded its outlook to stable from negative was a vote of confidence in its financial stability and resilience.

Fitch, in a report published on May 30, also affirmed the bank's long-term issuer default ratings at 'BBB' or investment grade, and government support rating at 'bbb.'

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