DBP with ‘stable’ outlook on expected healthy PH economic growth: S&P

It is “almost certain” to receive support from the government if needed.

Development Bank of the Philippines (DBP) has a stable outlook, with the Philippines expected to maintain healthy economic growth, according to S&P Global Ratings.

The bank is “almost certain” to receive support from the government of the Philippines, the ratings agency said.

“As one of the two national government-owned universal banks, DBP plays a critical role in implementing the government's medium-term development strategy,” S&P wrote on 10 April 2026.

DBP is expected to move in tandem with its sovereign, ratings-wise.

“Our stable rating outlook on the Philippines reflects our view that, over the next two years, the country will maintain healthy economic growth rates that will allow fiscal performance to improve gradually while external metrics deteriorate slightly,” S&P said.