PH’s Panda bonds rated ‘AAA’ by top Chinese agency

A MAJOR Chinese credit rating agency has given the Philippines’ planned issue of some RMB 1.46 billion-worth of “Panda bonds” its highest rating of ‘AAA’ with a stable outlook, citing the country’s “strong and consistent economic growth,” low level of external debt and ample foreign and current account reserves as plus factors for its float this year.

Mga Komento