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Moody's rates Philippines bond Baa2
Moody's Investors Service said it assigned a senior unsecured rating of Baa2 to the euro-denominated bond offering by the government of the Philippines.
“The rating mirrors the government of the Philippines' issuer rating of Baa2,” Moody’s said in a press release.
The proceeds from the bonds are intended for general purposes, including budgetary support.
The outlook is stable.
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