Upgraded viability

Land Bank of the Philippines receives an upgraded viability rating (VR) from Fitch Ratings, rising from ‘bb’ to ‘bb+’, reflecting the bank’s improved standalone financial strength. This highlights the bank’s stronger capital buffers and enhanced profitability outlook. Fitch also reaffirmed LandBank’s long-term issuer default rating (IDR) at ‘BBB’/stable’ and government support rating (GSR) at ‘bbb’, reflecting the bank’s systemic importance, full state ownership and continued strong government support.