Moody’s: BDO Unibank program Baa2

Moody's Investors Service said it assigned a provisional Baa2 long-term senior unsecured rating and provisional P-2 short-term rating to the $2 billion medium-term note program that was established by BDO Unibank, Inc. in 2012. (long-term deposit rating: Baa2 stable, baseline credit assessment: baa2).

The program rating also applies to BDO's Hong Kong branch.

The provisional ratings are in line with BDO's Baa2 long-term and P-2 short-term deposit ratings and reflect the structure of the proposed issuance, Moody’s said.

The notes issued under the program constitute the issuer's direct, unconditional, unsubordinated, and unsecured obligations. Currencies, interest rate structures, maturities and redemption methods of the notes will be specified in the relevant pricing supplements.

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