PostHeaderIcon Moody’s raises PHL credit rating to Ba2

Global Financial Stability Report GFSR Market Update
Since the publication of the April 2011 Global Financial Stability Report (GFSR) , financial risks have risen for three reasons. First, while a multi-speed global recovery remains the base case, downside risks to this baseline have increased.

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Moody’s raises PHL credit rating to Ba2
The government has welcomed Moody’s Investors Service’s upgrade on the country’s credit rating on Wednesday, saying the improvement can be attributed to the administration’s fiscal consolidation program.

Read more on GMA News Online via Yahoo! Philippines News

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