Advertisements


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

Strong economy prompts S& P to hike PH banks’ credit rating

    The credit rating of the Philippine banking system was raised by a notch by Standard & Poor's Global Ratings, citing favorable economic environment that is supportive of growth of banks, sound regulations, and improving industry fundamentals and trends.   With the upgrade, the local banking sector is now classified under the stronger category of'6'from the previous '7'on a scale of 1 to 10, with the latter reflecting the highest risk.   "High household consumption, investment, and exports (mainly of electronics, commodities, and services) continue to support economic activity," S&P said in its latest Banking Industry Country Risk Asses...Keep on reading: Strong economy prompts S&P to hike PH banks’ credit rating.....»»

Category: newsSource:  inquirerRelated NewsJun 6th, 2018

S& P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following an upgrade on the Philippine banking industry’s credit risk assessment. In a statement sent to reporters late Monday, the global debt placed Security Bank to investment grade as it upgraded the […] The post S&P upgrades Security Bank to investment grade, affirms rating for DBP appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 15th, 2018

Economy ‘on right track’ –– solon

The credit rating upgrade of the Philippines based on the latest Standard & Poor Global Ratings is an affirmation of "correct economic and fiscal policies" under the Duterte administration, a legislator said on Wednesday. In a statement, House appropriations committee chairman Karlo Nograles said the improved credit rating shows that….....»»

Category: newsSource:  journalRelated NewsMay 3rd, 2018

S& P Credit Rating Shows PH Economy on Right Track

The credit rating upgrade of the Philippines based on the latest Standard & Poor (S&P) Global Ratings is an affirmation of “correct economic and fiscal policies” under the Duterte administration, a legislator said on Wednesday. In a statement, House appropriations committee chairman Karlo Nograles said the improved credit rating shows that President Rodrigo R. Duterte […].....»»

Category: newsSource:  metrocebuRelated NewsMay 3rd, 2018

Another S& P rating upgrade looms — ING

Dutch financial giant ING Bank said the likelihood the Philippines would get another credit rating upgrade from S&P Global Ratings over the next two years is high......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2018

S& P hints at possible Philippine credit rating upgrade

By Melissa Luz T. Lopez, Senior Reporter S&P Global Ratings bumped up its outlook on the Philippine economy as it took stock of tax reform and “improved” fiscal policies, paving the way for a possible rating upgrade in the short term. The debt watcher revised its credit outlook for the Philippines to “positive” from “stable,” […] The post S&P hints at possible Philippine credit rating upgrade appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 28th, 2018

S& P raises Philippine credit outlook

S&P Global Ratings has raised its credit outlook for the Philippines to positive from stable, raising the possibility of a rating upgrade for the country on the back of solid economic growth, healthy external position, and improvements in policy-making......»»

Category: financeSource:  philstarRelated NewsApr 27th, 2018

S& P raises outlook on PH to ‘positive’

S&P Global Ratings revised its investment-grade credit rating outlook for the Philippines to “positive,” which means it may upgrade the rating in the next two years on the back of sound fiscal performance. Japan Credit Rating Agency, Ltd. (JCR) also announced that it kept the country’s rating of BBB+ with a “stable” outlook on account [...] The post S&P raises outlook on PH to ‘positive’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 27th, 2018

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

‘Better-than-expected’ tax gains cited

“IMPRESSIVE” gains from tax reform bode well for the Philippines’ credit rating, Moody’s Investors Service said, even as local political noise and tighter global financial conditions pose risks for the economy......»»

Category: financeSource:  bworldonlineRelated NewsJun 29th, 2018

RCBC’s stock rights offering plan OK’d

The Philippine Stock Exchange (PSE) has approved a plan of Yuchengco-led Rizal Commercial Banking Corp. to raise as much as P15 billion through the sale of new shares to existing investors.   RCBC plans to sell up to 540 million new common shares at a price to be set by June 7, based on the offer term sheet posted by the PSE.   The entitlement ratio has yet to be firmed up.   The stock rights offering will run on June 25 to 29. The tentative listing date for the new shares is Aug. 3.   Credit Suisse (Singapore) Ltd. and UBS AG were tapped as joint global coordinators, joint bookrunners and international underwriters for this offering. RCBC Capi...Keep on reading: RCBC’s stock rights offering plan OK’d.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

Treasuries signal bearish era

FOR global markets, it’s back to life, back to reality. As the Treasury selloff kicks off in earnest, Citigroup Inc. says investors should prepare for a possible “normalization’’ of risk premiums across credit and emerging markets as the era of monetary distortion unravels. A bearish breakout in the world’s largest bond market remains an underestimated […] The post Treasuries signal bearish era appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 22nd, 2018