Moody's upgrades the ratings of Philippine National Bank and Rizal Commercial Bank
Rating Action: Moody's upgrades the ratings of Philippine National Bank and Rizal Commercial Bank. Global Credit Research- 23 Nov 2017. Singapore, November 23, 2017-- Moody's Investors Service has upgraded the foreign currency deposit ratings of Philippine National Bank and Rizal Commercial Banking Corporation to Baa2/P-2 from Baa3/P-3.Rizal Commercial Banking is engaged in business as a commercial bank. Co. provides products and services related to loans and deposits, trade finance, domestic and foreign fund transfers or remittance, cash management, treasury, and trust and custodianship services. Through its subsidiaries, Co. is also engaged in all aspects of banking, investment banking, retail financing (credit cards, auto loans and mortgage/housing loans), leasing and stock brokering. Co. operates within the following segments: retail banking; corporate banking; and treasury. As of Dec 31 2010, Co. had total assets of Pp319.99 billion and total deposits of Pp236.78 billion.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.