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Prospect News home > News index > List of issuers P > Headlines for Philippines > News item
Published on 1/5/2011 in the Prospect News Emerging Markets Daily.

Fitch: Philippines bonds BB

Fitch Ratings said it expects to assign a BB rating to the Republic of the Philippines' upcoming Philippines-peso denominated global bonds due 2036.

The outlook is stable.

As the currency of settlement is specified as U.S. dollars, the rating is in line with the Philippine sovereign's long-term foreign-currency issuer default rating. Its long-term local-currency issuer default rating is BB+.


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