Security Bank Corporation’s Foreign Currency Ratings Upgraded; All Other Ratings Affirmed

Overview

Capital Intelligence (CI), the international credit rating agency, announced today that it has affirmed Security Bank Corporation's (SB) Financial Strength Rating (FSR) of 'BBB-', on a 'Stable' Outlook. The rating is underpinned by the Bank's excellent loan asset quality despite some increases in non-performing loans (NPLs), by its good liquidity position and by its sound Basel III capital adequacy ratio (CAR). The latter largely comprised Tier 1 Capital. The widening of net interest margin (NIM) in H1 2014, the first improvement in a number of years, is also a positive factor.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Philippines, Security Bank Corporation)
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