System Outlook Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Published April 13, 2021, 5:14 PM
Moody’s Investors Services has returned its “stable” outlook for Philippine banks with the economy’s gradual but “mild” improvement this year and despite that banks’ asset risks are still on high side.
 “We have changed the Philippines’ banking system outlook to ‘stable’ from ‘negative’ to reflect our expectations that a mild economic recovery will support the operating environment for banks. However, asset risks remain high because of a prolonged curtailment of business activity, a high unemployment rate and weak consumer sentiment,” according to the credit rating agency’s “Banking System Outlook Update – The Philippines” released Tuesday. ....

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