The Central Bank of the Philippines said it is closely monitoring risks to credit quality, profitability, liquidity and capital adequacy after noting Fitch’s assessment. It said Philippine banks remain well positioned to absorb potential shocks, supported by ample liquidity, adequate capital buffers and manageable asset quality, with no evidence of broad-based deterioration. The central bank said some pressure could emerge in specific borrower segments, but risks remain contained. It expects banks to maintain prudent credit standards, adequate provisioning, strong governance, and sufficient capital and liquidity buffers, and said it is prepared to take supervisory action as needed to preserve financial stability and protect the public.