Security Bank, MUFG deal gets credit positive rating

The cash management deal between Security Bank Corp. and MUFG Bank, Ltd is a credit positive for Security Bank, according to Moody’s Investors Service.

In a statement on Monday, Security Bank said that according to Moody’s release last April 14, “the expanded partnership between the two banks will encourage increased business flow and help Security Bank broaden its corporate client base to MUFG’s customers while credit demand in the Philippines is subdued.”