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The Philippines: A Big Winner From Falling Oil Prices With Robust Growth, Strong Banking Sector – Moody’s

Moody’s Investors Service said on Tuesday that the Philippine government’s sovereign rating of Baa2 is supported by improvements in government finances alongside ongoing debt reduction in addition to benefiting from low oil prices. “The country has favorable prospects for strong economic growth, and as a net oil importer, stands to benefit from a prolonged period of lower oil … Continue reading →