67217
Philippines Outlook Stable
Philippines Outlook Stable

Philippines Outlook Stable

Philippines Outlook Stable

Moody’s Investors Service Tuesday affirmed the government of the Philippines’ Baa2 long-term issuer and senior unsecured debt ratings and maintained the outlook at stable.
The affirmation of the Baa2 rating and the assignment of a stable outlook balances positive and negative factors. On the positive side, Moody’s expects that the Philippines’ economic performance will remain strong while debt consolidation will continue and foster further convergence of key fiscal metrics versus corresponding peer medians. Moodys.com reported.
Set against that positive trend, domestic political developments could potentially undermine institutional strength and economic performance. Moreover, while broad macroeconomic stability has been maintained so far, a number of metrics indicate material capacity constraints that signal a risk of overheating.
Moody’s has also affirmed the government’s local currency and foreign currency senior unsecured ratings at Baa2, the government’s foreign currency senior unsecured shelf rating at (P)Baa2 and the senior unsecured ratings for the liabilities of the country’s central bank, Bangko Sentral ng Pilipinas, at Baa2. The outlook on BSP has been removed.
The Philippines’ country ceilings remain unchanged. The long-term foreign currency bond ceiling remains at A3, and the short-term foreign currency bond ceiling at P-2. The long-term foreign currency deposit ceiling remains at Baa2, and the short-term foreign currency deposit ceiling at P-2. Furthermore, the long-term local currency bond and deposit ceilings remain unchanged at A2.
The stable outlook balances positive and negative developments in the Philippines’ credit profile.
The Philippines’ real GDP growth averaged 6.4% per year between 2014 and 2016, more than twice the corresponding median for Baa2-rated countries. “We expect growth to be sustained at above 6% per year over the next two years, driven largely by the private sector.”

Short URL : https://goo.gl/TfZhzB
  1. https://goo.gl/GDP5Ht
  • https://goo.gl/mLwgh1
  • https://goo.gl/jbNsoJ
  • https://goo.gl/ZwiCQm
  • https://goo.gl/hQTbdb

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus