Global credit rating agency Moody’s Investors Service said the Philippines may earn another rating upgrade if government efforts to improve fiscal health and address corruption show further progress toward real reform.
In a report released by the central bank on Sunday, Moody’s Senior Analyst Christian de Guzman was quoted as saying in discussions with the Investor Relations Office of the central bank recently that the Philippines continues to surpass expectations, not only in addressing corruption but also in enhancing the gains of economic advancement, thus bolstering its case for an even higher credit rating.
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