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Japan Credit Rating Agency affirms PH's 'A-' rating: DOF

ABS-CBN News
Posted at Mar 10 05:05 PM

Japan Credit Rating Agency affirmed the Philippines' A- rating with a stable outlook despite a backdrop of global uncertainties and elevated inflation, the DOF said. Read more »

Gov't urged: Postpone sovereign wealth fund to protect credit rating

ABS-CBN News
Updated as of Dec 05 10:48 AM

The Philippine government should consider holding off in launching a sovereign wealth fund to protect its credit rating amid the challenging global environment, a business group president said on Monday. Read more »

S&P affirms PH investment-grade rating, stable outlook

ABS-CBN News
Updated as of Nov 21 10:46 AM

S&P Global Ratings said it has affirmed the Philippines' investment-grade long-term BBB+ rating and short-term sovereign A-2 credit rating as the economy recovers. Read more »

Fitch keeps Philippines' BBB rating with negative outlook

ABS-CBN News
Updated as of Oct 27 06:40 PM

Fitch said the 'BBB' rating balances strong growth, external finances and a credible economic policy framework against lagging structural indicators. Read more »

PH borrows $2 billion from foreign lenders via bonds

ABS-CBN News
Updated as of Oct 06 06:07 PM

The Philippines has borrowed $2 billion from foreign lenders via a bond offering to fund its budget, the Bureau of Treasury said on Thursday. Read more »

Fitch lowers outlook for UK rating to negative

Agence France-Presse
Posted at Oct 06 08:38 AM

Fitch lowered the outlook for its credit rating for British government debt from stable to negative after new Prime Minister Liz Truss announced a crash program of debt-fueled tax cuts. Read more »

PH shoots for highest investment grade territory: Marcos

Jessica Fenol, ABS-CBN News
Updated as of Sep 20 05:52 PM

President Marcos said the Philippines is gearing up to reach the highest investment grade credit rating territory in the next few years. Read more »

Moody's affirms Philippines Baa2 ratings with 'stable' outlook

Jessica Fenol, ABS-CBN News
Updated as of Sep 19 10:45 AM

Moody's Investor Service has affirmed the Philippines Baa2 ratings with a stable outlook citing its capacity to meet external debt payments, policy continuation and strong recovery from the COVID-19 pandemic. Read more »

Moody's, S&P downgrade Credit Suisse, sinking shares

Agence France-Presse
Posted at Aug 03 08:38 AM

Ratings agencies Moody's and Standard & Poor's downgraded scandal-hit Credit Suisse, given the restructuring Switzerland's second-biggest bank will have to undertake in a more challenging environment. Read more »

S&P downgrades Chinese state-backed developer Greenland

Agence France-Presse
Posted at May 30 09:17 PM

Standard & Poor's on Monday downgraded Chinese state-backed property developer Greenland over fears the company would default on a bond payment. Read more »

PH debt-to-GDP ratio balloons to 63.5 pct in March

ABS-CBN News
Updated as of May 13 10:06 AM

The Philippines' debt-to-GDP ratio ballooned to 63.5 percent in March from 60.4 percent in December, government data showed. Read more »

Steady PH credit rating affirms recovery strategy: BSP

ABS-CBN News
Posted at Apr 19 01:10 PM

A Japan-based debt watcher's decision to affirm the Philippines' BBB+ credit rating highlighted the success of the government's recovery efforts, an official said. Read more »

Russia says will 'go to court' if declared in default

Agence France-Presse
Posted at Apr 11 09:02 PM

Russia last week paid its foreign dollar debt in rubles after it was unable to process the payment in foreign currency due to sanctions over Ukraine. Read more »

Fitch to withdraw ratings on all Russian entities

Reuters
Posted at Mar 24 08:32 AM

Fitch will withdraw ratings on all Russian entities and their subsidiaries in order to comply with European Union sanctions, the ratings agency said, as Western nations tighten their grip around Moscow's economy. Read more »

S&P cuts Russia's ratings to 'CC' on debt default risk

Reuters
Posted at Mar 18 08:22 AM

S&P on Thursday lowered its long-term sovereign credit rating on Russia to "CC" from "CCC-", as the country reported difficulties meeting debt-service payments on the due date on its US dollar-denominated 2023 and 2043 Eurobonds. Read more »

Russia default on debt is 'imminent': Fitch

Agence France-Presse
Posted at Mar 09 08:16 AM

Ratings agency Fitch on Tuesday again downgraded Russia's sovereign debt rating farther into junk territory from "B" to "C," saying the decision reflects the view that a default is "imminent." Read more »

Fitch, Moody's slash Russia's sovereign debt to junk

Agence France-Presse
Posted at Mar 03 05:32 PM

Fitch and Moody's slashed Russia's sovereign debt to junk status or the category of countries at risk of not being able to repay their debt. Read more »

Lending seen to support growth as Fitch affirms PH rating

Jessica Fenol, ABS-CBN News
Posted at Feb 18 11:43 AM

The growth in lending activities could further boost economic growth, the central bank said Friday after Fitch Ratings affirmed the Philippines' BBB rating. Read more »

Recovery delays could prompt a 'relook' of PH credit rating: Moody's

ABS-CBN News
Posted at Jul 30 01:19 PM

If more COVID-19 lockdowns in the Philippines lead to delays in economic recovery then Moody's Investor Service will be promoted to "relook" at its rating level, its official said Friday.  Read more »

PH consumer spending seen fully recovering only in 2022 as vaccination lags

ABS-CBN News
Posted at Jul 29 01:47 PM

Fitch Solutions noted that the Philippines' vaccination drive lags behind the wider Asia region, with just 9.9 percent of the population having received at least one dose on July 23. Read more »