Moody’s completes review of PH credit rating


Posted at Feb 15 2020 11:05 AM | Updated as of Feb 15 2020 06:44 PM

MANILA -- Moody's said Saturday it completed its periodic review of the Philippines' credit rating, after rival debt-watcher Fitch upgraded its outlook on the Philippines.

Moody's, like Fitch, rates the Philippines at the highest B or investment grade rating, two notches below the minimum A score. Fitch's outlook upgrade to positive means Manila is a candidate for a ratings upgrade.

An A rating will widen the market for Philippine sovereign debt and will allow it to seek lower interest payments.

Moody's did not comment on its Baa2 on the Philippines in announcing the completion of the review.