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The Philippines remains “an island of calm” amid the global financial storm because of its good macroeconomic fundamentals, an official of Standard & Poor’s said.

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S&P began its annual credit review on the Philippines earlier this week, with Finance officials preparing to make presentations to apprise the credit rating agency of the progress in the fiscal program, particularly the implementation of the tax reform package.


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S&P began its annual credit review on the Philippines earlier this week, with Finance officials preparing to make presentations to apprise the credit rating agency of the progress in the fiscal program, particularly the implementation of the tax reform package.


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                    [Title] => S&P upbeat on RP’s fiscal condition
                    [Summary] => Standard & Poors (S&P) has expressed optimism that the Philippines’ fiscal consolidation will continue as its evaluation team arrived in the country for its annual credit ratings review. 


Team leader Agost Bernard, S&P associate director for sovereign ratings, said yesterday that there is cause for optimism especially since the political instability that momentarily distracted the Arroyo administration had cleared up. 


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AGOST BERNARD

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S&P began its annual credit review on the Philippines earlier this week, with Finance officials preparing to make presentations to apprise the credit rating agency of the progress in the fiscal program, particularly the implementation of the tax reform package.


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Team leader Agost Bernard, S&P associate director for sovereign ratings, said yesterday that there is cause for optimism especially since the political instability that momentarily distracted the Arroyo administration had cleared up. 


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abtest

Local leaders should solve the hunger problem

By ROSES & THORNS | By Alejandro R. Roces | October 21, 2008 - 12:00am

It is heartening to learn the recent news that Standard and Poor’s, a global credit rating agency, notes that the ...

Opinion

'Amid crisis, RP an island of calm'

By Paolo Romero | October 15, 2008 - 12:00am

The Philippines remains “an island of calm” amid the global financial storm because of its good macroeconomic fundamentals, an official of Standard & Poor’s said.

Headlines

DOF officials confident of positive review by S&P of RP’s fiscal, economic outlook

By Des Ferriols | May 21, 2006 - 12:00am

Finance officials have expressed optimism that credit rating agency Standard & Poor’s (S&P) would take a more positive view of the country’s macroeconomic position and fiscal consolidation. S&P...

Business

DOF officials confident of positive review by S&P of RP’s fiscal, economic outlook

By Des Ferriols | May 21, 2006 - 12:00am

Finance officials have expressed optimism that credit rating agency Standard & Poor’s (S&P) would take a more positive view of the country’s macroeconomic position and fiscal consolidation. S&P...

Business

S&P upbeat on RP’s fiscal condition

By Des Ferriols | May 17, 2006 - 12:00am

Standard & Poors (S&P) has expressed optimism that the Philippines’ fiscal consolidation will continue as its evaluation team arrived in the country for its annual credit ratings review. Team leader...

Business