PH industrial sector surges, says Moody’s
The growth in the Philippines’ industrial sector likely accelerated in March due to the improving outlook on the country’s investment climate, says Moody’s Analytics.
The growth in the Philippines’ industrial sector likely accelerated in March due to the improving outlook on the country’s investment climate, says Moody’s Analytics.
The investment grade rating on the Philippines’ long-term foreign currency credit may usher in greater inflow of “hot money” as investors seek instruments that are more secure and promise decent yields.
Moody’s Investors Service is upbeat about manufacturing output in the Philippines, citing nascent growth in the sector resulting from rising investments.
Moody’s Investors Service has cited the Philippines, among other emerging countries in Asia, for its declining dependence on foreign funds to support government operations.
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.
The international ratings agency Moody’s cut France’s top credit rating by one notch to “Aa1″ Monday and maintained a negative outlook, meaning that another downgrade was possible.
Credit watcher Moody’s Investor Service has raised its rating for Philippine Long Distance Telephone Co. (PLDT) to a notch above the basic investment grade, recognizing the phone firm’s position as the country’s biggest telecommunications firm.
An international agency has raised the credit rating of the Philippines from two notches to just one notch below investment grade, a positive development for the country amid global economic woes.
WASHINGTON—Moody’s held Spain’s debt rating Tuesday at Baa3, one step above “junk” grade, but assigned Madrid a “negative outlook,” maintaining a threat to downgrade the country if conditions deteriorate. Moody’s cited the European Central Bank’s willingness to buy Spanish government bonds to stabilize its borrowing rate as well as the government’s commitment to implementing [...]
Moody’s Investors Service on Tuesday said it would likely cut its “Aaa” rating on US government debt, probably by one notch, if federal budget negotiations fail.a
Moody’s on Tuesday held its negative outlook for the British banking sector, citing the weak economy, higher regulatory costs and exposure to the eurozone debt crisis.
Moody’s hit 28 Spanish banks with new credit downgrades Monday, as Madrid formally requested a rescue loan of up to 100 billion euros ($125 billion) for the banking sector from its eurozone partners.
