Fitch Ratings: Hanjin Heavy Industries Philippines Filing Highlights Philippine Bank Risks

Capt. John

The filing for corporate rehabilitation by Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil) last week highlights the risks to Philippine banks’ asset quality from concentrated loan portfolios, says Fitch Ratings. Local banks’ loans to HHIC-Phil are equivalent to only around 0.2%...

https://www.hellenicshippingnews.com/fitch-ratings-hanjin-heavy-industries-philippines-filing-highlights-philippine-bank-risks/

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