COVID-related hits on local banks’ asset quality will critically affect their stand-alone credit profiles and viability ratings (VR), said Fitch Ratings. The credit watcher echoed what it said last March that big banks are vulnerable to VR downgrades as the economy remains weak resulting to banks underperforming. VR downgrades could ...

Source: Manila Bulletin (https://mb.com.ph/2021/06/01/ph-banks-viability-ratings-remain-at-risk/?utm_source=rss&utm_medium=rss&utm_campaign=ph-banks-viability-ratings-remain-at-risk)