Moody’s upgrades PH credit rating a notch


The Philippines received another credit rating upgrade from Moody’s Investors Service on Thursday, with the outlook stable, the global ratings agency said.

Moody’s said the country’s credit rating rose one notch to Baa2 from Baa3.

The decision took into account the country’s ongoing debt reduction, aided by improvements in fiscal management; continued favorable prospects for strong economic growth, and limited vulnerability to the common risks currently affecting emerging markets, the ratings agency said.



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