Moody’s keeps ‘Baa2’ rating on 3 Philippine banks

MANILA, Philippines — Moody’s Ratings raised its outlook on Security Bank to “stable” from “negative,” citing easing capitalization pressures, and affirmed the same outlook for Philippine National Bank (PNB) and China Banking Corp. In separate releases on Monday, the ratings firm kept its “Baa2” credit ratings on the three Philippine banks, citing strong liquidity even as