Moody's changes outlook on Philippines from stable to positive

Via Moody's:
Moody's Investors Service has today changed the outlook on the Government of the Philippines' Ba3 foreign and local-currency bond ratings to positive from stable.


The key drivers for the decision are:
(1) the strengthening trend in the Philippines's external payments position which has significantly reduced the vulnerability of government finances to external shocks;
(2) the successful conduct of monetary policy which has anchored inflation expectations and has also helped to lower the government's cost of funding; and
(3) improved prospects for economic reform policies which will likely have positive effects on government finances, investor sentiment, and economic growth.

Comments

Popular posts from this blog

October retail sales come in strong, especially auto sales

Tea Party Buffalo Pictures

How to spot a fake Tea Partier