INQUIRER.net: Moody’s reviews Philippines for likely debt upgrade

INQUIRER.net Philippine News for Filipinos

Moody's reviews Philippines for likely debt upgrade Jul 26th 2013, 00:56 MANILA, Philippines—Moody's Investors Service signaled Thursday it was likely to elevate the Philippine government's debt rating to investment-grade, citing the former basket-case nation's robust economic growth and political stability.   Two other major credit rating agencies, Standard and Poor's and Fitch, have already upgraded Philippine government securities to investment-grade earlier this year.   "Moody's Investors Service has placed the Ba1 foreign and local currency long-term issuer and bond ratings of the Government of the Philippines on review for upgrade," the US ratings agency said in a statement.   The next-highest rating on its scale is "B... Keep on reading: Moody’s reviews Philippines for likely debt upgrade Media files: moodys-signage-1024x682.jpg (image/jpeg)

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