Govt transition no effect on PH rating – Moody’s

Debt watcher Moody’s Investors Service has joined other international credit ratings agencies in saying that the political transition in the Philippines is unlikely to have an immediate effect on the country’s Baa2 investment grade rating and stable outlook.

“The political transition is unlikely to have an immediate effect on the credit factors that support the Philippines’ Baa2 ratings and stable outlook,” it said in a report released Thursday, which echoed earlier statements from Standard and Poor’s and Fitch Ratings.