PH now less vulnerable to portfolio investment outflows – Moody’s

A decade of healthy current account has made the Philippine economy resilient against the impact of external financial shocks, Moody’s Investors Service said on Wednesday.

In a study titled “External Vulnerabilities, Exposures, Mitigants and Credit Supports,” Moody’s said a potential slowdown in portfolio investment inflow or even its reversal does not pose as large a vulnerability for the Philippines as it does for other emerging markets.