• Philippines’ Credit Rating Upgraded To “Investment Grade” By Moody’s

    Philippines’ Credit Rating Upgraded To “Investment Grade” By Moody’s

    BREAKING: Philippines raised to investment grade by Moody’s.

    Moody’s upgraded the Philippines credit rating by a notch to “Baa3” from “Ba1.”

    In a statement, Moody’s said it raised the rating on the following factors:

    • sustainability of the Philippines’ robust economic growth
    • ongoing fiscal and debt consolidation
    • political stability and improved governance

    The Philippines now has an ‘investment grade’ score from the top 3 international ratings agencies, Standard & Poor’s, Fitch, and Moody’s.

    Source: Moodys.com, Rappler.com

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