Manila Times Business
Fitch: PH banking sector outlook ‘deteriorating’
FITCH Ratings has lowered the Philippine banking sector’s outlook to “deteriorating” from “neutral” as rising inflation and slower economic growth stemming from the escalating US-Iran conflict threaten lenders’ profitability and asset quality. In a report released this week, the ratings agency said higher energy prices triggered by geopolitical tensions in the Middle East were expected to weigh on several Asia-Pacific banking systems, particularly those heavil
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Source: manilatimes.net
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