Moody’s: Strong BSP oversight shields PH banks from risks

MANILA, Philippines — Philippine banks remain healthy and well-capitalized despite mounting economic challenges, supported by strong regulatory oversight from the Bangko Sentral ng Pilipinas (BSP), Moody’s Ratings said. In a report dated Oct. 29, the global debt watcher assigned the Philippines a banking sector risk score of “a,” matching those of Colombia, India, Indonesia and Malaysia.