Nomura sees low risk of Philippine credit rating downgrade

MANILA, Philippines — An outright downgrade of the Philippine sovereign credit rating is unlikely unless the war in the Middle East drags on, Nomura Global Markets Research said, adding that growth should rebound as the government accelerates spending. In a note, Nomura economists Euben Paracuelles and Nabila Amani said the country’s fiscal risks are more […]... Keep on reading: Nomura sees low risk of Philippine credit rating downgrade

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