MANILA -- Moody's said Saturday it completed its periodic review of the Philippines' credit rating, after rival debt-watcher Fitch upgraded its outlook on the Philippines.
Moody's, like Fitch, rates the Philippines at the highest B or investment grade rating, two notches below the minimum A score. Fitch's outlook upgrade to positive means Manila is a candidate for a ratings upgrade. An A rating will widen the market for Philippine sovereign debt and will allow it to seek lower interest payments.
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