Development Bank Of The Philippines Foreign And Local Currency Ratings Affirmed; Outlook Stable

Standard & Poors, April 2011

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
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Abstract
The Development Bank of the Philippines has maintained an adequate financial profile, underpinned by its strong market position in the Philippines. We affirmed the 'BB/B' foreign currency and 'BB+/B' local currency ratings on DBP. The stable outlook reflects the stable outlook on the sovereign credit ratings on the Republic of Philippines. SINGAPORE (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services today affirmed its 'BB/B' foreign currency and 'BB+/B' local currency ratings on Development Bank of the Philippines (DBP). The outlook is stable. The issuer credit ratings on DBP are equalized with the sovereign credit ratings on the Republic of the Philippines (foreign currency BB/Stable/B; local currency BB+/Stable/B; ASEAN scale axBBB+/axA-2). "DBP plays a critical public policy role in...

Companies mentioned in this report are: Development Bank of the Philippines
Action: Affirmed
Action: Outlook: Stable

Development Bank of the Philippines

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