The Philippines has received another investment grade rating this year as Moody’s Investors Service upgraded the government’s rating one notch to Baa3 from Ba1.
In a statement on Thursday, the Moody’s said that its latest rating action for the country concludes the review for upgrade announced on Moody’s now adds to credit ratings agencies such as Fitch Ratings, Standard & Poor's and Japan Credit Rating Agency Ltd. who have already raised the Philippines to an investment grade status.
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