Debt watcher Moody’s Investors Service affirmed the deposit ratings of the Bank of the Philippine Islands (BPI) and Metropolitan Bank and Trust Co. (Metrobank or MBT), saying that the ratings outlook for two of the country’s biggest banks remains positive.

In a statement on Friday, Moody’s announced that it has affirmed the Baa3/Prime-3 deposit ratings of BPI and Metrobank.

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