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                    [Title] => Country able to repay debt despite crisis, says treasurer
                    [Summary] => The Philippines is fully capable of repaying its foreign debt despite the political turmoil and a recent string of warnings from credit rating agencies, National Treasurer Omar Cruz said yesterday.


Earlier Moody’s Investors’ Service Inc. followed action by two other major rating companies – Fitch and Standard & Poor’s – and cut the outlook on the Philippines’ sovereign B1 rating to negative from stable, citing the possibility of negative consequences the country’s political problems may have on the budget and external payments.


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EARLIER MOODY

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                    [Title] => Country able to repay debt despite crisis, says treasurer
                    [Summary] => The Philippines is fully capable of repaying its foreign debt despite the political turmoil and a recent string of warnings from credit rating agencies, National Treasurer Omar Cruz said yesterday.


Earlier Moody’s Investors’ Service Inc. followed action by two other major rating companies – Fitch and Standard & Poor’s – and cut the outlook on the Philippines’ sovereign B1 rating to negative from stable, citing the possibility of negative consequences the country’s political problems may have on the budget and external payments.


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abtest

Country able to repay debt despite crisis, says treasurer

July 14, 2005 - 12:00am

The Philippines is fully capable of repaying its foreign debt despite the political turmoil and a recent string of warnings from credit rating agencies, National Treasurer Omar Cruz said yesterday. Earlier Moody’s...

Business