Fitch slaps negative outlooks on PH banks

fitch slaps negative outlooks on ph banks

Sumary of Fitch slaps negative outlooks on PH banks:

  • According to the credit rating agency, there are downside risks to the Philippines’ medium-term growth prospects as a result of possible scarring effects and challenges associated with unwinding the exceptional policy response to the health crisis and restoring sound public finances as the pandemic fades.

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