Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Philippines News  >>   Economy  >>   Philippines credit gets reviewed
NEWS UPDATES Asean Affairs     5  October  2011                       

Philippines credit gets reviewed

Related Stories

 

October 3,2011
Philippines growth target ruled out

August 22, 2011
 Indonesia closes tin tax loopholes

August 2, 2011
Indonesia could lower palm oil tax

July 1, 2011
First Malaysian palm oil refinery in Indonesia

June 27, 2011
Indo government puts controls on sugar

 
International credit rating agencies will hold another review of the Philippines later this year to early 2012 to incorporate recent developments in the country’s credit story, according to the Bangko Sentral ng Pilipinas (BSP).

BSP Governor Amando Tetangco Jr. said Philippine economic managers met officials of the credit rating agencies on the sidelines of the 2011 Annual Joint Meeting of the International Monetary Fund and World Bank in Washington, D.C.

“It was clear from the discussions that the Philippines is well-positioned for any global slowdown. The CRAs acknowledged that the country has considerable policy flexibility to deal with global economic and financial uncertainties,” Tetangco said.

He said the CRAs noted the country’s robust external liquidity position, with gross international reserves of $76 billion at end-August exceeding gross external debt of $61 billion at end-March; external debt ratios that are better than many of the country’s peers; and monetary authorities’ handling of surges in foreign capital.

The CRAs also recognized the stable banking sector as an important factor in helping to fuel economic growth, the BSP chief said.

He said the passage of Republic Act 10149 or the GOCC Governance Act of 2011 was well-received.

The Philippines has enjoyed credit rating upgrades from the three major credit rating agencies—Moody’s, Standard and Poor’s and Fitch Ratings—as well as a change in outlook to positive from the Japan Credit Rating Agency.

Philippines’ current rating is within one to two notches below investment grade.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    5  October  2011 Subsribe Now !
• Climate change hits Cambodia Subcribe: Asean Affairs Global Magazine
• Australians urged to invest in Indonesia Asean Affairs Premium

• Christians under siege in Indonesia

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Money needed to restore flood damage
• Malaysians’ budget desires
• Philippines credit gets reviewed
• Thailand faces rights enquiries
• Thai government opposes SET privatisation  pp

Asean Analysis                 5  October  2011

Advertise Your Brand
• Is dam rejection a milestone for Myanmar? Sponsor Our Events

Asean Stock Watch      October  2011

 
• Asean Stock Watch-October 5 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com