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                    [ArticleID] => 281667
                    [Title] => RP on road to improving public debt ratios — Fitch
                    [Summary] => London-based Fitch Ratings Inc. said the Philippines is back on the path of improving its public debt ratios, noting that the country might be able to avoid a downgrade of its credit ratings over the short and medium-term. 


In a special report, Fitch pointed out that the debt burden of the National Government (NG) is projected to decline to 67.5 percent of gross domestic product (GDP) – the lowest level since 2002. 


                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 279234
                    [Title] => ‘RP credit rating now stable’
                    [Summary] => What a difference a new law makes.


An international investment ratings agency revised its outlook on the Philippines’ long-term foreign and local currency ratings yesterday from "negative" to "stable" after President Arroyo signed the expanded value-added tax (VAT) bill into law.


Fitch Ratings said it also affirmed the country’s long-term foreign currency and long-term local currency ratings to "BB" and "BB-plus," respectively.


The agency also affirmed the country’s short-term foreign currency rating at "B" and the foreign currency ceiling at "BB."


Fitch said the outlook revisions reflect the recent passage of tax laws that are aimed at boosting the country’s fiscal position.
                    [DatePublished] => 2005-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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                    [ArticleID] => 255921
                    [Title] => Fitch warns RP of credit rating downgrade
                    [Summary] => Credit rating agency Fitch Ratings Inc. has warned of a ratings downgrade if the Arroyo administration will not be able to raise taxes and immediately privatize the National Power Corp.(Napocor). 


The London-based ratings agency said yesterday that the newly-inaugurated President Gloria Arroyo now has the opportunity to capitalize on her fresh mandate after winning the May elections. 


However, Fitch said this would take potentially painful steps, including committing to raise taxes and finding a lasting solution to the financial problems at Napocor. 


                    [DatePublished] => 2004-07-01 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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COULTON

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                    [ArticleID] => 281667
                    [Title] => RP on road to improving public debt ratios — Fitch
                    [Summary] => London-based Fitch Ratings Inc. said the Philippines is back on the path of improving its public debt ratios, noting that the country might be able to avoid a downgrade of its credit ratings over the short and medium-term. 


In a special report, Fitch pointed out that the debt burden of the National Government (NG) is projected to decline to 67.5 percent of gross domestic product (GDP) – the lowest level since 2002. 


                    [DatePublished] => 2005-06-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 279234
                    [Title] => ‘RP credit rating now stable’
                    [Summary] => What a difference a new law makes.


An international investment ratings agency revised its outlook on the Philippines’ long-term foreign and local currency ratings yesterday from "negative" to "stable" after President Arroyo signed the expanded value-added tax (VAT) bill into law.


Fitch Ratings said it also affirmed the country’s long-term foreign currency and long-term local currency ratings to "BB" and "BB-plus," respectively.


The agency also affirmed the country’s short-term foreign currency rating at "B" and the foreign currency ceiling at "BB."


Fitch said the outlook revisions reflect the recent passage of tax laws that are aimed at boosting the country’s fiscal position.
                    [DatePublished] => 2005-05-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 255921
                    [Title] => Fitch warns RP of credit rating downgrade
                    [Summary] => Credit rating agency Fitch Ratings Inc. has warned of a ratings downgrade if the Arroyo administration will not be able to raise taxes and immediately privatize the National Power Corp.(Napocor). 


The London-based ratings agency said yesterday that the newly-inaugurated President Gloria Arroyo now has the opportunity to capitalize on her fresh mandate after winning the May elections. 


However, Fitch said this would take potentially painful steps, including committing to raise taxes and finding a lasting solution to the financial problems at Napocor. 


                    [DatePublished] => 2004-07-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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RP on road to improving public debt ratios — Fitch

By Des Ferriols | June 15, 2005 - 12:00am

London-based Fitch Ratings Inc. said the Philippines is back on the path of improving its public debt ratios, noting that the country might be able to avoid a downgrade of its credit ratings over the short and medium-term....

Business

‘RP credit rating now stable’

By Des Ferriols | May 27, 2005 - 12:00am

What a difference a new law makes. An international investment ratings agency revised its outlook on the Philippines’ long-term foreign and local currency ratings yesterday from "negative" to "stable"...

Headlines

Fitch warns RP of credit rating downgrade

By Des Ferriols | July 1, 2004 - 12:00am

Credit rating agency Fitch Ratings Inc. has warned of a ratings downgrade if the Arroyo administration will not be able to raise taxes and immediately privatize the National Power Corp.(Napocor). The London-based...

Business