Manila c.bank says new reserve rules will not spur creditrisk taking

MANILA, Feb 14 (Reuters) Philippines banks are unlikely to take more credit risks after the Bangko Sentral ng Pilipinas decided to stop paying interest on banks' required reserves, officials said on Tuesday.

Moody's said in a Feb. 13 report that a possible income loss stemming from the new reserve requirement framework could spur creditrisk taking by banks, and in turn lead to a deterioration of their credit standings.