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S&P rates Philippines notes BBB+
S&P said it assigned its BBB+ long-term foreign currency issue rating to the proposed benchmark-size U.S. dollar-denominated senior unsecured notes to be issued by the Philippines.
The notes represent direct, general, unconditional, unsecured and unsubordinated obligations of the sovereign, and rank equally with the sovereign's other unsecured and unsubordinated debt obligations.
S&P rates the Philippines’ BBB+ with a stable outlook.
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