By Paolo G. Montecillo
Other major credit-rating firms are expected to follow in Standard & Poor’s (S&P) footsteps and grant upgrades for the Philippines, which has shown its ability to implement and sustain tough reforms.
In May last year, the Philippines obtained an investment grade from international credit rating agency Standard & Poor’s, just less than two months after getting its first investment grade from Fitch Ratings.
By Tessa R. Salazar
The first half half of the year will be over in a month. Following a generally orderly May 13 national elections, favorable international credit ratings and property experts’ assessments have shown the property sector is flourishing.
By Doris C. Dumlao
The Philippine Stock Exchange index may hit the 7,300 to 7,400 level this year as the Philippines attains investment-grade credit rating and further liquidity is released from special deposit account (SDA) rate cuts, investment bank First Metro Investment Corp. said Tuesday.
By Michelle V. Remo
Moody’s Investors Service has cited the Philippines and other emerging markets in Asia for their declining dependence on foreign funds to support government operations.