7 months Moody’s gives ‘Baa2’ to govt’s euro bond offer Manilatimes |Biz
MOODY’S Investors Service on Monday assigned an investment grade score on the government’s planned euro debt issuance. In a statement, the debt watcher said it had “assigned a Baa2 senior unsecured rating to the euro-denominated global bond offering by the Government of the Philippines, maturing in 2027.” The rating mirrors the Philippines’ issuer rating of Baa2, which Moody’s said was characterized by strong economic performance, a strengthening fiscal position and limited vulnerability to external shocks. Also on Monday, the Bureau of the Treasury confirmed reports last week that said the country had begun marketing the benchmark euro bond issue, which ... more