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PNoy welcomes move of S&P’s for raising credit rating outlook for Philippine economy

20 December 2012 No CommentEmail This Post Email This Post

President Benigno S. Aquino III huddles with the participants of the Pasko ng Batang Pinoy 2012 for a group photo souvenir at the Kalayaan Grounds of the  Malacañan Palace on Wednesday (December 19). The Pasko ng Batang Pinoy Project is part of Department of Social Welfare and Development (DSWD) comprehensive program which targets zero street children, street families and Badjaos in 10 priority areas in Metro Manila where there are large concentration of street children, families and IPs. With the President are Presidential Communication Operations  Office  Secretary Hermino The Aquino administration welcomed the move of the Standard & Poor’s (S&P) for raising its credit rating outlook for the Philippine economy from stable to positive.

“Standard & Poor’s (S&P) has raised its credit rating outlook for the Philippine economy from “BB+ Stable” to “BB+ Positive.” This means that we can expect, barring any unforeseen circumstances, an actual credit rating upgrade in the coming months,” Presidential Spokesperson Edwin Lacierda said in a statement issued on Thursday.

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