credit rating - updates

Rappler's latest stories on credit rating

ARTICLE FINDER

EXPLAINER: What's in it for us if the PH has good credit ratings?

May 09, 2019 - 1:54 PM

The Philippines has its highest credit rating to date. But what does that mean for Filipinos?

[ANALYSIS] Duterte a ‘competent’ economic manager? Not so fast

May 09, 2019 - 12:34 PM

To thank Duterte for his 'political will and decisive action' on inflation is like thanking an arsonist for putting out a fire he created in the first place

S&P upgrades Philippine credit rating to BBB+

Apr 30, 2019 - 6:45 PM

(UPDATED) S&P upgrades the credit rating of the Philippines to BBB+ with a positive outlook on the back of the country's strong economic growth

RAM upgrades Philippines' credit rating

Aug 31, 2018 - 6:46 PM

A higher credit rating translates to more foreign investments and a lower borrowing cost for both the government and private sectors


Moody's: Federalism, 'contentious' policies worry investors

Jul 21, 2018 - 2:18 PM

Moody's Investors Service says the country's 'relatively weak rule of law' and the possible shift to federalism could drag down the economy

S&P raises credit rating outlook on Philippines

Apr 27, 2018 - 5:26 PM

A higher credit rating translates to more foreign investments, lower borrowing cost for both the government and private sectors, among others

Fitch upgrades Philippines' credit rating

Dec 11, 2017 - 12:26 PM

(UPDATED) The upgrade from BBB- to BBB is due to strong economic growth and the tax reform initiative

Fitch upgrades PLDT outlook amid improved finances

Aug 31, 2017 - 9:20 PM

The telco s long term local currency issuer default rating LC IDR outlook is raised to stable from negative – a sign of improving financial performance

UPGRADED. The telecommunications giant’s long-term foreign currency issuer default ratings (LC IDR) outlook was raised to stable from negative, Fitch says. This signals continued improvement in its financial performance. Rappler file image

Moody's cuts China's rating on debt fears

May 24, 2017 - 9:20 PM

But Beijing s finance ministry rejects the assessment saying Moody s had used an inappropriate method to assess risks

A general view shows a congested road in Beijing on May 24, 2017. Moody's on May 24 slashed China's credit rating for the first time in almost three decades citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as "inappropriate". / AFP PHOTO / FRED DUFOUR

Espenilla promises continuity, more financial innovation at BSP

May 09, 2017 - 9:10 PM

The new governor of the Bangko Sentral ng Pilipinas outlines his plans to maintain the country s monetary stance as well as expand the debt market and digital payments

Bangko Sentral ng Pilipinas New Governor Nestor Espenilla speaks with the members of media during press briefing at BSP Complex in Manila. Photo by Inoue Jaena/Rappler

Tax reform, infra push may boost PH credit rating – Moody's

Oct 19, 2016 - 8:00 AM

UPDATED The credit rating agency however warns that President Rodrigo Duterte s rhetoric towards critics has the potential to strain long standing security and trade relations

Xi warns of globalization backlash at BRICS summit

Oct 17, 2016 - 12:20 AM

Chinese President Xi Jinping says deep seated imbalances that triggered the [2008] financial crisis are far from being resolved

In this photograph released by the Indian Press Information Bureau on October 16, 2016, Indian Prime Minister Narendra Modi (R) shakes hands with Chinese President Xi Jinping at the BRICS Summit in Goa. RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE / AFP PHOTO / PIB / HO / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / PIB" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - NO ARCHIVE

Dominguez tells Moody's execs: Ignore political noise

Oct 14, 2016 - 7:30 PM

Moody s Investor Services currently rates the Philippines as Baa2 – an investment grade rating with a stable outlook – higher than what it has given Vietnam and India

'IGNORE POLITICAL NOISE.' Dominguez tells Moody’s executives that the Duterte administration would carry out its inclusive growth agenda, while building on the economic gains of the past administrations and exercising fiscal responsibility

PH state of lawlessness to have limited impact on credit rating – Moody's

Sep 07, 2016 - 7:10 PM

While the credit rating agency doesn t see any risk in the short term it warns that increasingly controversial law and order policies could detract attention from economic reforms

Japan Credit Rating Agency affirms PH's BBB+ rating

Aug 03, 2016 - 5:00 PM

The rating comes with a stable outlook indicating resilience to external shocks and a relatively sound fiscal position

Hague ruling won't affect PH, China credit ratings – Moody's

Jul 13, 2016 - 7:40 PM

We assess geopolitical strains as posing a very low risk of weighing on sovereign credit trends in China or the Philippines says Moody s senior vice president Marie Diron

POLICY PAPER. Pamphlets titled 'Facts and Policy; The China-Philippine Dispute in the South China Sea' and the policy paper on China's position on the ruling of an international tribunal on the South China Sea are seen beside a reporter during a press conference in Beijing, China on July 13. Photo by How Hwee Young/EPA

PH keeps investment grade ratings – for now

May 11, 2016 - 7:30 PM

For now Standard and Poor’s Moody’s and Fitch all keep the country’s credit rating at investment grade as the country prepares for a Duterte presidency

Poll results' impact on ratings not immediate – Fitch

May 10, 2016 - 7:45 PM

The agency does not expect the outcome of the Philippines election to have any immediate impact on the rating or outlook says Sagarika Chandra

PH credit ratings at risk if 'wrong' leaders elected – Palace

Apr 25, 2016 - 3:17 PM

The Palace says economic improvements made in the past years will only be put to waste if Filipinos elect the wrong leaders on May 9

ECONOMY TAKES OFF

Gov't unsatisfied with Fitch's PH credit rating

Apr 08, 2016 - 8:30 PM

The Philippines is still underrated as it outperforms its neighbors in Southeast Asia in terms of economic growth drivers Finance Secretary Cesar Purisima says

UNDERRATED. Financial markets believe the Philippines is much less of a credit risk compared with other countries enjoying higher credit ratings. Image from Shutterstock

S&P lowers China outlook to negative

Mar 31, 2016 - 11:00 PM

Standard Poor s says the Chinese government is facing more economic and financial risks

epa05202337 Commercial and residential buildings of Shenzhen are seen from the Diwang Building observatory deck, in Shenzhen, Guangdong Province, China, 09 March 2016. According to the outline of the 13th five-year plan, China?s average annual rate of growth will slow from 7.8 per cent in the past five years to around 6.5 per cent, and per capita disposable income will also fall, from 7.7 per cent to around 6.5 per cent. EPA/FREDDY CHAN

Moody's places Gulf states on review for downgrade

Mar 05, 2016 - 5:35 PM

After lowering Oman and Bahrain s credit ratings Moody s is reviewing countries like Saudi Arabia the United Arab Emirates Kuwait and Qatar for possible downgrades

DOWNGRADE. Moody's cites lowering oil prices leading to weakened economies as reasons for downgrading Gulf States' credit ratings. AFP file photo

Philippines gets credit rating upgrade from NICE

Jan 23, 2016 - 9:54 AM

With this latest credit rating action from NICE Fitch Ratings remains the only agency that assigns the minimum investment grade to the Philippines

UP A NOTCH. The upgrade anchors on improved government transparency and enhanced environment backed by expanded infrastructure

Moody's retains credit rating, stable outlook for PH

Dec 14, 2015 - 7:55 PM

The debt watcher keeps its Baa2 rating for the country on a stable outlook

RETAINED. Moody’s retained its credit rating and outlook for the country. it upgraded the country’s credit rating to Baa2 – a notch above the minimum investment grade – with a stable outlook in December 2014.

Philippines to be $1-trillion economy by 2030

Dec 05, 2015 - 1:27 PM

The Philippines is the only country in Asia that garners positive action from IHS

SHINING. The government is marketing the Philippine economy as Asia's bright spot in order to entice foreign investments. File photo by Rappler

Fitch raises PH outlook to positive

Sep 24, 2015 - 10:24 PM

The Philippines is still underrated as it continues to outperform its single A rated neighbors in Southeast Asia Finance Secretary Cesar Purisima says

POSITIVE. The revised credit outlook and the likely credit rating upgrade from Fitch Ratings are a reflection of what financial markets say all along about the Philippines’ creditworthiness, Finance Secretary Cesar Purisima says.

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

PH gets credit rating upgrade from Japan

Jul 06, 2015 - 6:32 PM

The latest upgrade from Japan Credit Rating Agency is the 22nd positive rating action for the country from international credit rating agencies like S P Moody’s and Fitch

Aquino to businessmen: 'You ain’t seen nothing yet'

Mar 24, 2015 - 1:31 PM

President Benigno Aquino III encourages investors to put their money in the Philippines as he vows to sustain the country s economic growth momentum

BRIGHT FUTURE. President Benigno Aquino III says the progress of the Philippine economy so far is just the beginning of more to come. Malacañang Photo Bureau

Fitch affirms Philippines' 'BBB-' rating

Mar 18, 2015 - 12:13 PM

The country s BBB rating is one notch below the rating assigned to the Philippines by Moody’s Investors Service and Standard Poor’s

China's economic slowdown: A double-edged impact on PH

Feb 20, 2015 - 8:00 AM

But it is unlikely to drag down the Philippines’ economic growth analysts say

European Central Bank approves emergency funds for Greek banks

Feb 06, 2015 - 12:09 AM

Greek debt has a junk credit rating and under ECB rules should not qualify as collateral for loans

US probes Moody's rating agency – report

Feb 02, 2015 - 8:04 AM

The credit rating agency is being investigated over its glowing assessments of mortgage deals in the runup to the 2008 financial crisis

A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012. Emmanuel Dunand/AFP

Aquino: PH to get $500M soft loan from South Korea

Dec 13, 2014 - 11:20 AM

Fresh from an overnight trip to South Korea President Benigno Aquino III reports more good news to the people

GOOD NEWS. A happy President Benigno Aquino III arrives from an overnight trip to South Korea on December 12, 2014. Photo from Malacañang Photo Bureau

PH gets another boost from Moody’s

Dec 11, 2014 - 8:34 PM

The credit rating agency ups its investment grade rank for the country to a notch citing stable outlook but warns that the government s growth target for 2014 might be too hard to achieve

Turkey warns credit agencies over 'political' assessments

Sep 17, 2014 - 12:40 AM

Political risks should not weigh on Turkey s credit rating Turkish President Recep Tayyip Erdogan argues

Moody's negative on Brazil in new blow to Rousseff

Sep 10, 2014 - 7:43 AM

As the country prepares to go to the polls on October 5 Moody s warns that sustained low growth and worsening debt metrics could see Brazil s credit rating cut

Aerial view of Christ the Redeemer statue, in Rio de Janeiro, Brazil, taken on June 26, 2014. Yasuyoshi Chiba/AFP

Palace cites ‘renewed optimism’ on PH business prospects

Sep 03, 2014 - 11:36 AM

Malacañang says the investment grade status obtained by the Philippines from South Korean NICE Ratings is the Philippines 18th positive rating action under the Aquino administration

Aquino: Philippines ‘more open for business’

Jul 28, 2014 - 10:45 PM

In his 5th SONA the President urges his ‘bosses’ – the Filipino people – to choose a successor who will continue the economic reforms of his administration

S&P raises PH credit rating anew

May 08, 2014 - 7:30 PM

The upgrade follows the agency s May 2013 decision to give the Philippines investment grade status

Fitch affirms US rating at 'AAA', hikes outlook

Mar 21, 2014 - 4:26 PM

Fitch raises its outlook for the world s largest economy to stable in part because of the way the US federal debt limit was suspended in February

A view of the White House in Washington, DC. AFP PHOTO/Brendan SMIALOWSKI

PH economy in 2013: Wins and losses

Jan 01, 2014 - 5:43 PM

Here are the biggest stories about the Philippine economy in 2013 what has been achieved and what else needs to be done

Thank OFWs for PH upgrade - report

Oct 04, 2013 - 9:28 AM

The country s army of overseas Filipino workers OFWs deserve recognition for the investment grade ratings instead of the government a FinanceAsia report says

THANK YOU. Millions of overseas Filipino workers deserve the recognition for the country's investment grade ratings, a report says. File photo by AFP /Fayez Nureldine

S&P: PH rating upgrade depends on reforms

Aug 20, 2013 - 10:01 AM

The debt rating agency is closely watching government reforms to shore up revenue and investments

No debt upgrade for PLDT - Moody's

Jul 26, 2013 - 5:58 PM

PH debt upgrade review has no immediate impact on PLDT s debt rating says Moody s

MARKET LEADER. A man checks his mobile phone as he passes the headquarters of the Philippine Long Distance Telephone Co. at the Makati central business district. AFP Photo

Investment grade from Moody's 'coming soon'

Jul 26, 2013 - 11:07 AM

The 4th credit rating upgrade to investment grade is coming sooner than expected the central bank chief says

Moody's lifts US outlook to 'stable' from 'negative'

Jul 19, 2013 - 1:10 PM

Ratings firm Moody s raises its outlook on the United States to stable from negative citing progress in putting the federal government s debt on a more sustainable path

Moody's to upgrade PH credit rating after 7.8% growth?

Jun 03, 2013 - 1:28 PM

Let the country s stellar economic performance in the 1st quarter and the possibly better growth in the 2nd speak for themselves says President Aquino

Conference tackles implications of PH investment grade

May 23, 2013 - 11:38 PM

Officials from the government and private sector will discuss what precisely the recent upgrade of the Philippine investment credit rating means

Business sentiment soars to record high

May 23, 2013 - 7:01 PM

The investment grade credit ratings from Fitch S P and Japan group cause business sentiment in the Philippines to reach a record high in the 2nd quarter