Credit rater Moody’s Investors Service maintained its stable outlook for Philippine banks in line with its view that the economy will continue to be robust. “For the Philippines, we continue to have a stable view on the banking system. PH growth outlook intactThe vice president and senior credit officer for Moody’s Sovereign Risk Group, Christian de Guzman, meanwhile, said the outlook for the Philippine economy remains intact. “Also underpinning the stable outlook for the Philippine banks is how strong the buffers are. Last week, Moody’s affirmed the Philippines’ “Baa2” investment grade rating and stable outlook, but warned of political risks and cited indications of overheating in the economy.

Source: Manila Times July 05, 2017 17:05 UTC