Moody's: Philippine bond Ba2

Moody's Investors Service said it assigned a rating of Ba2 to the Philippine government's bond issuance maturing in 2037.

The outlook is stable.

Moody's said the key drivers for the decision were (a) significant progress on fiscal consolidation; and (b) macroeconomic stability underpinned by a strengthening external payments position, well-anchored inflation expectations, and strong growth.

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