Moody’s affirms view PH most vulnerable to US protectionism

Global credit rating agency Moody’s Investors Service affirms the view that the Philippines will be one of the most vulnerable emerging economies if the United States raises its trade barriers on exports of services, first expressed by a London-based think tank.

Moody’s, in a report released Wednesday—“Asia Credit 2017 Outlook: Challenging Global Environment to Test Asia’s Robust Credit Fundamentals”—said it expects global credit conditions to remain uneven in 2017.