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Credit raters caution against watering down tax reforms

THE CURRENT FORM of the second tax reform package, as approved by a House of Representatives committee earlier this month, risks slowing momentum of progress in state revenues and infrastructure spending, senior executives of Fitch Ratings and Moody’s Investors Service warned.

Moody’s affirms Security Bank investment grade

Moody's Investors Service has affirmed its investment-grade rating to Security Bank Corp, maintaining the "stable" outlook on the lender. In a statement sent to reporters...

DBM chief warns of SC ruling’s fiscal risk

THE GOVERNMENT’S fiscal position may be at risk from the Supreme Court (SC) ruling that local governments’ share in state revenues includes all national government taxes, not just those collected by the Bureau of Internal Revenue (BIR), Budget Secretary Benjamin “Ben” E. Diokno said on Wednesday.

‘Better-than-expected’ tax gains cited

“IMPRESSIVE” gains from tax reform bode well for the Philippines’ credit rating, Moody’s Investors Service said, even as local political noise and tighter global financial conditions pose risks for the economy.

Moody’s assigns investment grade to BPI’s $2-billion note program

Moody's Investors Service has assigned an investment grade to the $2-billion medium-term note (MTN) facility of Bank of the Philippine Islands (BPI). In a statement...

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

S&P maintains bullish outlook for Philippine banks

The Philippine banking system is likely to benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to...

DBM chief sees Philippines bagging credit rating upgrade within the year

THE DEPARTMENT of Budget and Management (DBM) expects an improvement of the Philippines' sovereign credit rating this year, noting that it will be favorable...

Philippines moves further up investment grade

By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINES bagged a credit rating upgrade from Fitch Ratings on the back of continued solid economic growth, supported...