BusinessWorld
Moody’s cuts RCBC outlook to ‘negative’
MOODY’S RATINGS has affirmed its ratings for Rizal Commercial Banking Corp. (RCBC) but cut its outlook to “negative” from “stable” due to heightened asset quality risks stemming from its large exposure to the retail segment. The debt watcher on Wednesday affirmed the bank’s Baa3/P-3 long-term (LT) and short-term (ST) foreign-currency (FC) deposit ratings, Baa3 FC […]
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