Investment grade ratings for two banks affected by a Subic-based shipbuilder’s bankruptcy — potentially the biggest default in Philippine corporate history — have been affirmed by Moody’s Investors Service.
BDO Unibank, Inc. and Metropolitan Bank & Trust Co. (Metrobank) continue to be rated “Baa2” with a stable outlook and Moody’s also said there was a “very high probability” that the government would extend support to the banks if needed.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.