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Credit rating upgrade bodes well for PH global bond offering

MANILA, Dec. 16 --The recent move by Fitch Ratings to upgrade the Philippines' long-term foreign currency rating to "BBB" augurs well for the Philippines' next global bond offering and provides a reso.....»»

Category: newsSource: manilanews manilanewsDec 17th, 2017

Credit rating upgrade bodes well for PH global bond offering

MANILA, Dec. 16 --The recent move by Fitch Ratings to upgrade the Philippines' long-term foreign currency rating to "BBB" augurs well for the Philippines' next global bond offering and provides a reso.....»»

Category: newsSource:  manilanewsRelated NewsDec 17th, 2017

PH upgrade to boost global bond offering

The Philippines’ upgraded investment rating bodes well for a planned global bond offering, Treasury and Finance officials said. Fitch’s move to raise the country further into investment-grade territory, they claimed, was an endorsement of the Duterte administration’s economic strategy, which is anchored on a comprehensive tax reform plan and a massive infrastructure modernization program. “We [...] The post PH upgrade to boost global bond offering appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 16th, 2017

SMC’s P30B upcoming bond offer gets triple A rating

Conglomerate San Miguel Corp. plans to raise as much as P30 billion from a new retail bond offering. Local credit watcher Philippine Rating Services Corp.(PhilRatings) has assigned a triple-A rating on this new issuance, which represents the third tranche of SMC's three-year debt securities program of up to P60 billion. The rating has a "stable" outlook. Obligations rated PRS Aaa are deemed of the "highest quality with minimal credit risk." The obligor's capacity to meet its financial commitment on the obligation is deemed "extremely strong." A "stable" outlook, on the other hand, indicates that the rating is likely to be maintained or to remain unchanged in the next 12 mo...Keep on reading: SMC’s P30B upcoming bond offer gets triple A rating.....»»

Category: newsSource:  inquirerRelated NewsJan 31st, 2018

Debt yields down on Fed rate hike, Fitch rating move

YIELDS on government securities (GS) ended lower last week as the Federal Reserve turned dovish after its interest rate hike and on the back of slower US consumer price index (CPI) data and the Philippines’ credit rating upgrade. Bond yields, which move opposite to prices, fell by an average of 0.11 basis point (bp) week […] The post Debt yields down on Fed rate hike, Fitch rating move appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 17th, 2017

Fitch upgrade bodes well for Philippine bond sale

MANILA, Philippines — Fitch Ratings’ recent decision to upgrade the country’s long-term foreign currency issuer rating to “BBB” bodes well for the government.....»»

Category: financeSource:  philstarRelated NewsDec 15th, 2017

Standard Insurance gets global credit rating upgrade

MANILA, Philippines - Leading motorcar insurer Standard Insurance Co......»»

Category: financeSource:  philstarRelated NewsJan 14th, 2017

SMIC secures top credit rating for P20-B bonds

MANILA, Philippines - SM Investments Corp.’s proposed P20-billion bond offering obtained a triple A rating from local credit watchdog Philippine Rating Servi.....»»

Category: financeSource:  philstarRelated NewsOct 1st, 2016

S&'38;P keeps PHL rating; upgrade unlikely

S&P Global Ratings has affirmed the Philippines’ credit rating anew in the face of robust domestic activity and sound fiscal footing, but flagged “rising uncertainties” under the newly installed Duterte administration and said “a .....»»

Category: newsSource:  bworldonlineRelated NewsSep 21st, 2016

Front Page: S&P keeps PHL rating; upgrade unlikely

S&P Global Ratings has affirmed the Philippines' credit rating anew in the face of robust domestic activity and sound fiscal footing, but flagged "rising uncertainties" under the newly installed Duterte administration and said "a higher rating is unlikely.....»»

Category: financeSource:  bworldonlineRelated NewsSep 21st, 2016

Ayala Land’s P10-billion fixed-rate bond offer secures top credit rating

By Arra B. Francia, Reporter AYALA LAND, Inc. (ALI) secured the highest credit rating for its proposed P10-billion fixed-rate bond issuance, according to a local debt watcher. In a statement issued Tuesday, the Philippine Rating Services Corp. (PhilRatings) said it assigned a PRS Aaa rating to ALI’s bond issuance, given the company’s strong financial capacity, […] The post Ayala Land’s P10-billion fixed-rate bond offer secures top credit rating appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 3rd, 2018

China rates highest PH’s planned ‘Panda’ bond

A Chinese credit rating agency gave the Philippines’ planned issue of “Panda bonds” its highest rating, citing the country’s “strong and consistent economic growth,” low level of external debt as well as ample foreign and current account reserves, and strengthened economic relations between the two countries. #BeFullyInformed China rates highest PH’s planned ‘Panda’ bond A… link: China rates highest PH’s planned ‘Panda’ bond.....»»

Category: newsSource:  manilainformerRelated NewsMar 13th, 2018

China credit rater gives top marks to PHL’s panda bonds

A CHINESE debt watcher has given its highest credit rating to the Philippines’ planned yuan-denominated securities, citing the country’s “strong and consistent economic growth,” the Finance department said in a press release on Monday. China Lianhe Credit Rating Company Ltd. gave the Philippines’ planned “panda” bond sale an “AAA” rating with a stable outlook, saying […] The post China credit rater gives top marks to PHL’s panda bonds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 12th, 2018

PAL bags 4-star rating for improved in-flight, ground services

Global aviation rating firm Skytrax has upgraded its rating on flag carrier Philippine Airlines (PAL) to four-star from three-star quality rating, citing improvements in its in-flight and ground services in the last two years. The four-star airline rating puts the Philippine carrier at par with such airlines as British Airways, Emirates, Air Canada, Air France, Bangkok Airways, Japan Airlines, KLM, Korean Air and Qantas Airways. The rating upgrade by UK-based Skytrax, the leading international airline and airport rating system, also puts PAL closer to its ultimate goal of attaining a five-star rating as early as 2020. A four-star rating was described by Skytrax as a mark of "qua...Keep on reading: PAL bags 4-star rating for improved in-flight, ground services.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2018

S& P wants in on China’s $11-trillion bond market

S&P GLOBAL Inc. plans to offer its ratings services in the Chinese domestic bond market, with an eye on buying a majority stake in a local agency or setting up a new entity there to do so, its chief financial officer said. The world’s largest credit rater’s plan to assess the yuan-denominated bonds of Chinese […] The post S&P wants in on China’s $11-trillion bond market appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 8th, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

Indonesia bags Fitch rating upgrade after S& P lifts it from junk

JAKARTA — Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The nation’s stocks and currency rallied. The rating on the nation’s long-term, foreign currency-denominated debt was raised one level to BBB […] The post Indonesia bags Fitch rating upgrade after S&P lifts it from junk appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 21st, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 — Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to “BBB” from the minimum investment grade of “BBB-.” The new rating is assigned a “stable” outl Source link link: PH bags credit rating upgrade from Fitch.....»»

Category: newsSource:  manilainformerRelated NewsDec 13th, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 -- Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to "BBB" from the minimum investment grade of "BBB-." The new rating is assigned a "stable" outl.....»»

Category: newsSource:  manilanewsRelated NewsDec 13th, 2017

PH bags Credit Rating Upgrade from Fitch

Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to “BBB” from the minimum investment grade of “BBB-.” The new rating is assigned a “stable” outlook, which means there are no pressing... The post PH bags Credit Rating Upgrade from Fitch appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsDec 13th, 2017

PH bags credit rating upgrade from Fitch

MANILA, Dec. 13 -- Fitch Ratings has upgraded the long-term foreign currency rating of the Philippines to "BBB" from the minimum investment grade of "BBB-." The new rating is assigned a "stable" outl.....»»

Category: newsSource:  philippinetimesRelated NewsDec 13th, 2017