BIZ BUZZ: Remolona, ‘A’ rating dream still alive

It’s not game over yet for the Philippines’ long-sought “A” credit rating—at least if you ask Gov. Eli Remolona Jr.. The Bangko Sentral ng Pilipinas chief said that the country’s fundamentals remain intact even after a graft scandal and an oil-price shock upended the economy. The real challenge, he argued, lies in the storm outside rather than the hands steering the economic ship. “Yes, it’s still possible,” Remolona said, conceding that the journey has become “a bit difficult” but adding that the country should be back on track once the headwinds ease. The optimism comes despite Fitch Ratings’s decision to […]... Keep on reading: BIZ BUZZ: Remolona, ‘A’ rating dream still alive

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