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S&P rates Philippines notes BBB
S&P said it assigned a BBB long-term foreign-currency rating to the proposed benchmark-sized euro-denominated senior unsecured notes to be issued by the Philippines.
The notes represent direct, general, unconditional, unsecured and unsubordinated obligations of the sovereign, S&P said, and rank equally with the sovereign's other unsecured and unsubordinated debt obligations.
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