Moody’s retains stable outlook for PH banks

CREDIT rating agency Moody’s Investors Service retained its stable outlook for the Philippine banking system on the back of the government’s capacity to support banks in times of stress, but flagged emerging risks brought about by growing exposure to the property sector.

A stable outlook indicates that the debt watcher is unlikely to change its investment-grade rating on Philippine banks over the next 12 to 18 months. The outlook has been maintained since November 2015.