S&P Global Ratings warned Security Bank Corp. that its asset quality could still experience elevated stress this year after a challenging 2020.

In a statement on Friday, the New York-based credit rating agency said it would take a while for the listed lender to rebound from the impact of the coronavirus pandemic on its unsecured lending business.

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