S&P upgrades outlook on PH to positive

Posted at Dec 21 2012 10:00 AM | Updated as of Dec 21 2012 06:00 PM

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Standard & Poor's upgrades its outlook on the Philippines' credit rating to positive. A positive outlook means a country's rating may be raised within the next year.

Bangko Sentral deputy governor Diwa Gunigundo says an upgrade is long overdue. [email protected], December 21, 2012