Tag: Philippines’ rating upgrade

PHL receives another ratings upgrade from S&P

MANILA, May 8 (PNA) — Projecting that current government reforms in the Philippines will be pursued beyond the Aquino administration, Standard & Poor’s (S&P) on Thursday upped by another notch the Philippines’ investment grade rating to ‘BBB’ with stable outlook from ‘BBB-‘, a year after giving it an investment grade rating. In a statement, the ratings agency said it also upgraded the country’s short-term rating to ‘A-2’ from ‘A-3’, the ASEAN regional scale rating to […]