Moody’s still bullish on country

Debt watcher Moody’s Investors Service is still bullish on the credit environment in the Philippines, despite the tapering of the quantitative easing program of the United States Federal Reserve.

In its “Outlook for South and Southeast Asian sovereigns in 2014,” Moody’s said that credit support for the Philippines comes from the country’s strong growth prospects, its track record of narrow fiscal deficits, and a declining debt burden.