Moody’s maintains PH credit ratings 0 SHARES Share it! Share TweetBy Chino S. LeycoOne of three major international credit rating agencies maintained the Philippines’ investment grate status amid the country’s strong economic performance, stronger fiscal position and limited vulnerability to external shocks. In a statement, Moody’s Investor Services said it kept the Philippines’ “Baa2” rating, which is one notch above minimum investment grade, and with “stable” outlook. Moody’s said the present reflects the country’s “high” economic strength, “mnoderate” institutional strength, “moderate” fiscal strength and “low” susceptibility to event risk. “Strong domestic demand provides a buffer against external economic shocks, such as those posed by cyclical swings in global trade and commodities prices,” Moody’s said.

Source: Manila Bulletin October 11, 2019 13:52 UTC