Overall creditworthiness in the Asia Pacific (APAC) region, which includes the Philippines, is stable this year but US-China trade tensions could weigh on regional growth, according to Moody’s Investors Service.
“Our outlook for sovereign creditworthiness in Asia Pacific in 2019 is stable overall, reflecting our expectations for the fundamental credit conditions that will drive sovereign credit over the next 12-18 months,” it said in a report on Thursday.
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