S&P affirmation of PH’s credit ratings pushes PSEi, PHP up
By Joann Villanueva MANILA – S&P Global Ratings’ affirmation of its investment-grade rating for the Philippines on Thursday has benefited both the Peso and the local bourse. The credit rater, in a report, noted the slowdown in government spending due to investigations into flood control projects, but believes it is only temporary. Thus, it also maintains…
