Moody’s gives medium grade rating for ROPs 0 SHARES Share it! Share TweetBy Lee C. ChipongianCredit rating agency Moody’s Investors Service tagged a medium grade “Baa2” rating for ROPs or Philippine global bonds. The government returned to the international bond market this week to offer 10-year global bonds, raising $1.5 billion for the effort. According to Moody’s, the ROP rating which signifies moderate credit risk, was assigned because of the country’s “strong economic performance, a strengthening fiscal position and limited vulnerability to external shocks. Overall, Moody’s said the local GDP is expected to remain robust with a strong fiscal sector, but also sees the BSP challenged by inflationary pressures.

Source: Manila Bulletin January 08, 2019 13:52 UTC