By Katherine K. Chan, Reporter
MOODY’S RATINGS on Monday affirmed the Philippines’ investment grade credit rating with a “stable” outlook on expectations that the country’s fiscal position will stabilize as the economy gradually recovers and the government continues its fiscal consolidation efforts.
In a statement, Moody’s Ratings said it kept its “Baa2” local and foreign currency issuer and senior unsecured ratings for the Philippines, as well as its “stable” outlook.
A stable outlook means the debt watcher’s rating for the Philippines will likely remain unchanged over the next 12 to 18 months.
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