Moody’s sees limited impact of martial law

Credit watchdog Moody’s Investors Service said the Marawi siege and the imposition of martial law in Mindanao will not have material impact on the Philippines’ robust economic outlook for the near term.

However, although unlikely to happen, potential challenges to the constitutional system of checks and balances could arrest or reverse the improvements in the rule of law over the past few years, it said in a commentary released on Wednesday.