PH wins investment grade from Moody's

[Retz]

PH wins investment grade from Moody's



MANILA, Philippines – The Philippines on Thursday, October 3 won an investment grade rating from international debt watcher Moody's Investors Service.

This is the fourth investment grade rating for the country, considered one of Asia's fastest-growing economies.

Moody's upgraded the Philippines' credit rating by a notch to "Baa3" from "Ba1."

At the same time, it assigned a positive outlook on the rating.

In a statement, Moody's said it raised the rating on the following factors:

sustainability of the Philippines' robust economic growth
ongoing fiscal and debt consolidation
political stability and improved governance
An investment grade is a seal of good housekeeping. It tells investors it is safe to do business in the country, and encourages them to put huge capital here.

An investment grade means the Philippines, as a borrower, has a strong ability to pay its debts. This lowers its borrowing costs, generating savings that are used for social services.

The Philippines won its first investment grade rating from Fitch Ratings on March 27, its second from Standard & Poor's on May 2, and third from the Japan Japan Credit Rating Agency on May 7.

View Rappler's infographic: What a credit rating upgrade means for Filipinos

– Rappler.com

[uls]

yehey the Philippines is now on the same level as Spain -- one of the worst economies in the eurozone

Spain credit rating: http://countryeconomy.com/ratings/spain

EUROPA - PRESS RELEASES - Press release - August 2013 Euro area unemployment rate at 12.0% EU28 at 10.9%

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%), and the highest in Greece (27.9% in June 2013) and Spain (26.2%).

[badkuk]

dedma ang stock market to the news

[Retz]

Does it mean a merry christmas even with the tapering off of the QE3 in the US?

[tagalnasaabroad]

PH wins investment grade from Moody's



MANILA, Philippines – The Philippines on Thursday, October 3 won an investment grade rating from international debt watcher Moody's Investors Service.

This is the fourth investment grade rating for the country, considered one of Asia's fastest-growing economies.

Moody's upgraded the Philippines' credit rating by a notch to "Baa3" from "Ba1."

At the same time, it assigned a positive outlook on the rating.

In a statement, Moody's said it raised the rating on the following factors:

sustainability of the Philippines' robust economic growth
ongoing fiscal and debt consolidation
political stability and improved governance
An investment grade is a seal of good housekeeping. It tells investors it is safe to do business in the country, and encourages them to put huge capital here.

An investment grade means the Philippines, as a borrower, has a strong ability to pay its debts. This lowers its borrowing costs, generating savings that are used for social services.

The Philippines won its first investment grade rating from Fitch Ratings on March 27, its second from Standard & Poor's on May 2, and third from the Japan Japan Credit Rating Agency on May 7.

View Rappler's infographic: What a credit rating upgrade means for Filipinos

– Rappler.com

Tama ang vertical scale pero mali ang time scale..add more months to reflect correct moodys curve pattern..

Mas gaganda lalo ang investment climate pag narecover na lahat ang mga nakulimbat ng mga kawatan at plunderers sa gobyerno natin..go go go..!

[badkuk]

Does it mean a merry christmas even with the tapering off of the QE3 in the US?

There's one theory that goes: if the US shutdown drags on, it may affect growth. If growth is affected, QE may continue.

Gut feel ko aakyat yan, just a matter of when and by how much -- 6800, 6900, 7000 and beyond?

[uls]

what difference a month makes

low inflation in August

August 2013 inflation at a 4-year low | Official Gazette of the Republic of the Philippines

Cheaper prices of overall consumer goods in Metro Manila brought August 2013 headline inflation to its four-year low, according to the National Economic and Development Authority (NEDA).

This statement came after the National Statistics Office (NSO) reported that headline inflation rate in August 2013 eased to 2.1 percent, from 2.5 percent in July 2013 and 3.8 percent in August 2012. Inflation rate is the percent increase in the prices of goods and services commonly purchased by households, as measured by the Consumer Price Index.

Secretary of Socioeconomic Planning Arsenio M. Balisacan stressed that the slower year-on-year increase of overall consumer prices resulted from reduction of prices in the National Capital Region (NCR) and the slower price adjustments in areas outside NCR.

then in September...

Philippine inflation hits three-month high of 2.7 percent in September | Reuters

(Reuters) - Philippine annual inflation picked up more than expected in September on higher prices of food, non-alcoholic beverages and utilities, the statistics agency said on Friday.

The consumer price index rose 2.7 percent in September from a year earlier, the fastest in three months and picking up from a four-year low hit in August.