MANILA, Philippines --- The Philippines earned an upgrade to 'BBB+' --- its highest credit rating in history --- from global debt watcher Standard & Poor's (S&P), which cited the country's strong growth trajectory, healthy external position, and sustainable public finances. Now standing two notches above the coveted investment grade rating, this development will likely translate to lower borrowing costs from the international market for both the government and private corporations. This, in turn, translates to cheaper financing options for the domestic market that could help boost the economy further. "We raised the rating to reflect the Philippines'...
Keep on reading: PH scores another ratings upgrade from S&P
from INQUIRER.net http://bit.ly/2VAxqKn
-
Kolkata Knight Riders would look to overturn their two-match losing run and clip the wings of high-flying Chennai Super Kings, who currently...
-
Jordan Clarkson has been in Samahang Basketbol ng Pilipinas' radar the moment he entered the NBA in 2014. Several attempts have been mad...
-
GAMU, Isabela ---- An Army soldier was killed while his companion was wounded during a gunfight with communist rebels in Sagada, Mountain Pr...
No comments:
Post a Comment