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Fitch upgrades BDO Unibank
Fitch Ratings said it revised BDO Unibank, Inc.'s outlook to positive from stable and affirmed its issuer default rating at BB+ and viability rating at BB+.
The agency also upgraded its national long-term rating to AA+(phl) from AA.
The bank's ratings reflect its market-leading domestic presence, funding strength, sound capitalization and reserves and modest, but improving profitability and asset quality, Fitch said.
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