[Finterest] Fitch upgrades Landbank’s Viability Rating. What does it mean?

MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) has received an upgraded Viability Rating (VR) from Fitch Ratings, improving from ‘bb’ to ‘bb+’. Jargon aside, what does this mean, and is this a sign that Landbank has recovered from its controversial P50-billion capital infusion into the Maharlika Investment Fund?

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