Moody’s keeps investment-grade rating for PH despite pandemic

Debt watcher Moody’s Investors Service on Thursday (July 16) kept the Philippines’ investment-grade credit rating and “stable” outlook, auguring well for the government’s plan to borrow more to finance the increasing costs of responding to the health and socioeconomic crises caused by the COVID-19 pandemic. While the “BAA2” rating will allow the Philippines to secure […]

Treasury selling 5-year RTBs at 2.625% coupon

MANILA, Philippines — The Bureau of the Treasury on Thursday started selling five-year retail treasury bonds (RTB), which fetched a coupon of 2.625 percent. The Treasury awarded an initial P192.7 billion of the RTBs during the rate-setting auction, which attracted...