Fitch Ratings said Wednesday it upgraded the viability ratings (VR) of five Philippine banks, while affirming their issuer default ratings (IDR).
It said the VR...
The Philippine government on Thursday launched a benchmark-sized bond offering, its first offshore debt transaction this year.
The benchmark 10-year bonds represent direct, general, unconditional,...
Fitch Ratings said the Philippine government initiatives to develop the Islamic finance industry are likely to support the sector’s growth in the medium to...
Credit rating agency Fitch Ratings recognized the sound monetary policy in curbing inflation in the Philippines.
Inflation, which averaged 6 percent in 2023, slowed down...
Fitch Ratings said most Asia-Pacific digital banks face higher credit risks than incumbent rivals due to their focus on underserved or unbanked market segments.
It...
Fitch Ratings has raised its forecasts for world growth in 2024 in its latest global economic outlook as confidence in European recovery prospects improve,...
Fitch Ratings revised the Philippine banking sector outlook to “improving” from “neutral,” citing expectations that banks will preserve their record-high net interest margins (NIM)...
Finance Secretary Ralph Recto welcomed Fitch Ratings’ recent affirmation of the Philippines’ “BBB” credit rating with stable outlook.
“This affirmation is highly encouraging as it...
The government’s economic team welcomed the decision by Fitch Ratings to keep the Philippines’ investment-grade long-term foreign currency rating at ‘BBB’ with a stable...
The robust economy will support Philippine banks’ asset quality and earnings over the next two years, Fitch Ratings said in a new report.
Fitch forecasts...
The Philippines holds significant potential for digital challenger banks, given its large unbanked population, but their impact on the overall banking sector remains modest,...
Global credit watcher Fitch Ratings said Monday that digital banks are unlikely to significantly affect thePhilippine banking sector's competitive dynamics despite their rapid growth.
Fitch...
