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18.09.2013 10:30:00
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Metropolitan Bank & Trust Company -- Moody's assigns Ba3 (hyb) to MBT's Tier 2 subordinated debt securities
Singapore, September 18, 2013 -- Moody's Investors Service has assigned a Ba3 (hyb) rating to the proposed Tier 2 unsecured subordinated debt securities of Metropolitan Bank & Trust Company (MBT, Ba1 review for upgrade). MBT is the first Philippine bank to obtain a Moody's rating for capital qualifying subordinated debt with contractual loss absorption upon the point of non-viability, which is consistent with Bangko Sentral ng Pilipinas's (BSP) Basel III bank capital regulations.
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