Japan agency upgrades PH's credit rating to BBB+

Japan credit rating agency raises Philippine ratingTHE Philippines has received another credit rating upgrade, which is the highest rating the country has ever achieved.In a report released Monday, Japan Credit Rating Agency Ltd. (JCR) gave the Philippines BBB+ from BBB rating. This was just a notch away from...

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S&P Raises Philippines’ Credit Rating “BB+” to 9-Year High

July 5, 2012: The Philippines' debt rating was raised to the highest level since 2003 by Standard & Poor's, taking President Benigno Aquino nearer his goal of attaining investment grade.The nation's long-term foreign currency-denominated debt was raised one level to BB+ from BB, S&P said in a statement...

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Moodys upgrade rating of the Philippines 1 notch up -economy resilient

MOODY'S INVESTORS SERVICE has raised the Philippines' credit rating outlook to positive from stable as the government continues to reduce the fiscal deficit and public debt.The move sets the stage for a possible upgrade of the Philippines' Ba2 credit rating -- two notches below investment grade -- in...

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Philippines Buys Back $1.3 Billion Worth of Overseas Bonds

The Philippine Finance Secretary Cesar Purisima said Saturday (October 15, 2011) that the government's successful buyback of some foreign-currency sovereign bonds should help the country's cause to win investment-grade ratings from credit agencies.Around $2.2 billion of the eligible $17.7 billion of global and euro bonds have been offered...

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