Recognition of PhilRatings as domestic rating agency for bank supervisory purposes
Sonak. ibina.
OFFICE OF THE GOVERNOE
CIRCULAR-LETTER Series of 2004
TO All Banks and Non-Bank Financial Enstitutions
SUBE CT RECOGNITION OF PHILRATINGS 4E DOMESTIC RAT NG ACENCY FOR BANK SUPERVISORY FURPOSES
Phili.ir Rt:ting Services Corporation (PhilRatings) is Le eby recognized Ey th Bangko cntral ng Pilipinas (BSP) as a domestic crec t -ating agency for ban supen is'r purposes. F uant to Mor-tary Board Resolution No. 17697eted 4 Decem cer 2003
other:,*s basis for determining appropriate risk w-zights in ascerteinin= comr: a": with existing rules and regulations on risk-bs s=: capital requirements- Aceprdingly, crecit ratings assigned by PhitRatirg may be used, amon=
F a" irtormation.
RAFAEL B. B_E AVENTURA
Go e nor
W iauury 2004
MAG-IMPOK SA BANGKO
MAYNILA,Pi1.IPT AS 1004 . Tel No. 524-70-11 trunkline - URL: www.bsp.S)v ph s e-mail: [email protected] ph
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