Moody's slaps RP banks with 'negative' ratings.(Business) From: Manila Bulletin | Date: March 21, 2005 | COPYRIGHT 2005 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Moodys Bank Risk Monitor slapped the Philippine banking sector with a negative outlook and a "Ba3" ratings on deposits and "D-" ratings on the whole banking and financial sector scoring, the lowest ratings in the Asia Pacific region.

According to its latest review, Philippine banks system ratings and outlooks is the only one with a negative mark, while Indonesias own outlook is positive and the rest Malaysia, Hong Kong, Singapore, Taiwan, China, Korea, and Japan are all...