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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 286297 [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 Moodys Investors Service Inc. followed action by two other major rating companies Fitch and Standard & Poors and cut the outlook on the Philippines sovereign B1 rating to negative from stable, citing the possibility of negative consequences the countrys political problems may have on the budget and external payments.
[DatePublished] => 2005-07-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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July 14, 2005 - 12:00am
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