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Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. The long-term issuer default ratings (IDRs) of Landbank and DBP were upgraded by a notch to “BBB-,” the minimum investment grade […] The post Fitch upgrades lenders’ ratings appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineDec 14th, 2017

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. The long-term issuer default ratings (IDRs) of Landbank and DBP were upgraded by a notch to “BBB-,” the minimum investment grade […] The post Fitch upgrades lenders’ ratings appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017

Fitch upgrades PH credit rating to BBB; fiscal policies support strong, sustained growth

On the back of sound macroeconomic fundamentals, prudent economic policies, and sustained economic growth, Fitch Ratings upgraded on December 11, 2017 the Philippines’ long-term credit rating from “BBB-” to “BBB” with a stable outlook......»»

Category: newsSource:  interaksyonRelated NewsDec 11th, 2017

Fitch upgrades Philippines credit rating

MANILA, Philippines – Credit rating agency Fitch Ratings upgraded the Philippines' Long-Term Foreign-Currency Issuer Default Rating (IDR) from BBB-  to BBB, with a stable outlook, amid favorable economic conditions and planned tax reform. Fitch noted that "strong and consistent macroeconomic performance has continued, underpinned by sound policies that are ........»»

Category: newsSource:  rapplerRelated NewsDec 11th, 2017

Banks in the Philippines to remain resilient — Fitch Ratings outlook

FITCH RATINGS has given a “stable” outlook for Philippine banks for 2018, with lenders expected to remain on solid footing as they receive a boost from a rapidly growing economy that will support brisk lending activity. “Fitch has stable rating outlooks on all privately owned rated banks in the Philippines. This reflects our view that […] The post Banks in the Philippines to remain resilient — Fitch Ratings outlook appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 30th, 2017

Finance: Economic strength to boost banks' credit scores

SUSTAINED ECONOMIC growth as well as the robust performance of banks could upgrade the credit scores of Philippine lenders, an official from Fitch Ratings said, with the rising interest rate environment having no effect on the debt watcher's outlook for the banks......»»

Category: financeSource:  bworldonlineRelated NewsJun 6th, 2017

Finance: PHL banks likely to post double-digit loan growth

PHILIPPINE BANKS are likely to see double-digit increases in total loans over the next two years, with the rising share of consumer credit unlikely to be a cause of concern as the lenders remain well-armed against potential shocks, Fitch Ratings said in a report......»»

Category: financeSource:  bworldonlineRelated NewsFeb 28th, 2017

Fitch affirms ratings of 8 biggest lenders

MANILA, Philippines - International credit rater, Fitch Ratings has affirmed its grades and  outlook on eight of the country’s largest banks amid the sustain.....»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2017

Fitch upgrades credit rating of 4 Philippine banks

MANILA, Philippines Fitch Ratings has upgraded the credit rating of four Philippine banks on the back of sustained economic growth and major reforms in the.....»»

Category: financeSource:  philstarRelated NewsJul 19th, 2016

Fitch upgrades ratings of 4 Philippine banks

Fitch Ratings yesterday said it has upgraded the Long-Term Issuer Default Ratings (IDRs) of four Philippine banks with all tagged as having stable outlooks......»»

Category: newsSource:  mb.com.phRelated NewsJul 19th, 2016

Fitch upgrades debt ratings of 4 PH banks

Fitch upgrades debt ratings of 4 PH banks.....»»

Category: financeSource:  thestandardRelated NewsJul 18th, 2016

Indonesia bags Fitch rating upgrade after S& P lifts it from junk

JAKARTA — Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The nation’s stocks and currency rallied. The rating on the nation’s long-term, foreign currency-denominated debt was raised one level to BBB […] The post Indonesia bags Fitch rating upgrade after S&P lifts it from junk appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 21st, 2017

Credit rating upgrade bodes well for PH global bond offering

MANILA, Dec. 16 --The recent move by Fitch Ratings to upgrade the Philippines' long-term foreign currency rating to "BBB" augurs well for the Philippines' next global bond offering and provides a reso.....»»

Category: newsSource:  philippinetimesRelated NewsDec 18th, 2017

Credit rating upgrade bodes well for PH global bond offering

MANILA, Dec. 16 --The recent move by Fitch Ratings to upgrade the Philippines' long-term foreign currency rating to "BBB" augurs well for the Philippines' next global bond offering and provides a reso.....»»

Category: newsSource:  manilanewsRelated NewsDec 17th, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 — Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to “BBB” from the minimum investment grade of “BBB-.” The new rating is assigned a “stable” outl Source link link: PH bags credit rating upgrade from Fitch.....»»

Category: newsSource:  manilainformerRelated NewsDec 13th, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 -- Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to "BBB" from the minimum investment grade of "BBB-." The new rating is assigned a "stable" outl.....»»

Category: newsSource:  manilanewsRelated NewsDec 13th, 2017

PH bags Credit Rating Upgrade from Fitch

Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to “BBB” from the minimum investment grade of “BBB-.” The new rating is assigned a “stable” outlook, which means there are no pressing... The post PH bags Credit Rating Upgrade from Fitch appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsDec 13th, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 -- Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to "BBB" from the minimum investment grade of "BBB-." The new rating is assigned a "stable" outl.....»»

Category: newsSource:  philippinetimesRelated NewsDec 13th, 2017

Fitch upgrades PH credit rating

Fitch upgrades PH credit rating.....»»

Category: newsSource:  cnnphilippinesRelated NewsDec 12th, 2017

Philippines moves further up investment grade

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES bagged a credit rating upgrade from Fitch Ratings on the back of continued solid economic growth, supported by optimism over infrastructure and tax reform plans. The international debt watcher gave a “BBB” rating with a “stable” outlook for the Philippines’ long-term issuer rating, it said in […] The post Philippines moves further up investment grade appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 12th, 2017

Peso up on Fitch upgrade

THE PESO strengthened against the dollar on Monday following the upgrade given by Fitch Ratings to the Philippines. The local currency ended yesterday’s session at P50.36, 14 centavos stronger than its P50.50-per-dollar finish on Friday. The peso opened stronger at P50.42 against the greenback, bolstered by the Fitch announcement on the credit rating upgrade. Its lowest point for […] The post Peso up on Fitch upgrade appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 11th, 2017