Moody's keeps stable ratings outlook for PH


Posted at Jan 17 2014 10:42 AM | Updated as of Jan 17 2014 06:42 PM

MANILA, Philippines -- Global debt watcher Moody's said it is keeping its stable outlook on Philippine ratings this year.

Moody's is the last of three major rating agencies that upgraded the Philippines from junk to investment grade status last year, after noting the economy's over 7% growth and progress in putting the government's fiscal house in order.

On Thursday, it released its latest report, saying the Philippines joins 85 other economies that will carry stable rating outlooks for 2014.

Moody's said it thinks the Philippines will continue its strong growth story, trim its debt burden and will not be vulnerable to global financial shocks. - ANC