Development Bank Of The Philippines Foreign And Local Currency Ratings Affirmed; Outlook Stable
- ID: 1721466
- April 2011
- Region: Philippines
- Standard & Poors
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Research type: News
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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: Outlook: Stable