Last week, Moody's Investors Service upgraded the foreign currency deposit ratings for BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), Metropolitan Bank & Trust Co. (MBT), and Land Bank of the Philippines (LBP) from Ba2 to Ba1, one notch below investment grade. The ratings have a stable outlook. The effects of the news may be seen this week after All Souls' Day holiday. In today's trading, the three listed stocks were among the top active and closed higher than previous:
BDO - 0.55% up
BPI - 4.20% up
MBT - 3.16% up (price gap)
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