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S&P assigns Philippines notes BBB+
S&P said it assigned a BBB+ long-term foreign-currency rating to the planned benchmark-size U.S. dollar-denominated senior unsecured notes to be issued by the Philippines.
S&P’s rating for the sovereign is also BBB+. The notes represent direct, general, unconditional, unsecured, and unsubordinated obligations of the sovereign.
The outlook is stable.
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