Moody's weighs a ratings upgrade for Philippines

07/25/2013 | Xinhuanet.com (China)

Moody's is considering whether to upgrade the Philippines' sovereign rating. The rating service notes the country's strong growth in the first quarter and a sound fiscal and political situation. "The review will focus on the sustainability of the above factors and the relative strength of underlying credit metrics compared to investment-grade peers in the Baa rating range," Moody's said.

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