Moody's, a rating agency raises PHL outlook, and debt to invesment grade

Ad Majorem.....Wealth Builders

 
 
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

UK sterling pound downgraded

Ad Majorem.....Wealth Builders


From BBC news interview with Jim Rogers | February 2013 

While the PHL debt papers were upgraded to investment grade, UK was downgraded from AAA to AA1 by Moody's  This means UK exports will be cheaper, borrowing costs will be higher.  We do not know how it affects the domestic spending of the Brits.

The Singapore based investor, head of Quantum Fund Jim Rogers was surprised that it took a while for Moody's to take note.

That is why, UK pound sterling vs peso is just 55 vs 80 about a  year ago.  What is happening?

How will it affect the thousands of Pinoy OFW in UK?

Moody's threatens to downgrade US debt

Ad Majorem.....

From ideas stack.

As of September 11, 2012, Moody's threatened to downgrade the triple AAA rating of US debt.  This could be due to several reasons:   $l6 trillion official debt, $222 trillion debt that will never be repaid;  fiscal cliff by January 2013.

What will be effect of US debt downgrade to its citizens?

How will you treat US investment papers due to this forthcoming downgrade?

How will US debt papers be priced with the downgrade?

Will US debt papers:  public and private be sound in