From Moody's Global Credit Research | October 3, 2013
Moody's has raised the PHL debt to investment grade from Ba1 to Baa3. (It took a long time coming) and outlook to positive.
The reasons for these are: 1. debt consolidation 2. good governance, 3. political stability.
This upgrade has been seen by many as good sign to continue their stalled IPO like the Robinson Retail Group is raising P40 billion and RFM P2 billion
Many of the masses are complaining that this upgrade are not filtering down to the improvement of their welfare and income
Hmm I noticed that one of the officers of Moody's (a VP) has a Filipino sounding name.
Christian de Guzman
Vice President - Senior Analyst
Sovereign Risk Group
Moody's Investors Service Singapore Pte. Ltd.
50 Raffles Place #23-06
Singapore Land Tower
Singapore 48623
Singapore
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (65) 6398-8308
Bart Jan Sebastian Oosterveld
MD - Sovereign Risk
Sovereign Risk Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Releasing Office:
Moody's Investors Service Singapore Pte. Ltd.
50 Raffles Place #23-06
Singapore Land Tower
Singapore 48623
Singapore
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (65) 6398-8308
1 comment:
The new grade for many is not a big deal but for the financially literate, this will affect positively to those people who are investing and doing bigger business of course the effect is cannot be felt by the ordinary citizen at this moment.
Eddie Visited this site October 10, 2013
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