Fitch: Development Bank of Philippines notes BB

Fitch Ratings said it assigned Development Bank of the Philippines' $300 million 5½% senior notes due 2021 a final BB rating.

This action follows the completion of the senior notes issue and the documents conforming to information previously received.

The final rating is the same as the expected rating previously assigned, Fitch said.

The bank is a government-owned policy bank that supports developmental programs and projects aligned with the government's agenda in the Philippines, the agency said.

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