MANILA, Philippines — Moody’s Investors Service has affirmed the investment grade credit rating and stable outlook of BDO Unibank Inc. as well as Metropolitan Bank & Trust Co. (Metrobank) – two of the country’s largest banks in terms of assets.
Moody’s retained the Baa2 local and foreign currency deposit ratings or a notch above minimum investment grade of BDO and Metrobank.
BDO is the country’s largest lender, while Metrobank is ranked second biggest in terms of assets.
The debt watcher said the affirmation of BDO’s rating was due to the expectation that there is a very high probability of the bank receiving systemic support from the Philippine government in times of need.
On the other hand, Moody’s said Metrobank’s rating reflects its strong franchise in the corporate and consumer segments of the domestic market.