Moody's gives Philippines bonds Baa2

Moody's Investors Service said it assigned senior unsecured ratings of Baa2 to the dollar-denominated global bond offerings by the government of the Philippines, maturing in 2030 and 2045.

The bonds will be direct, unconditional and unsubordinated obligations of the Philippines’ government.

The proceeds are intended for general purposes, including budgetary support.

The rating mirrors the government of the Philippines' rating of Baa2, Moody’s said.

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