Moody’s affirms Philippines’ Baa2 rating

MANILA, Philippines — Moody’s Ratings on Monday affirmed the Philippines’ investment-grade “Baa2” rating, maintaining a stable outlook as it expects a recovery in economic growth to help stabilize the country’s fiscal metrics over the next two years. “The stable outlook reflects a balance of risks at the Baa2 rating level. Near-term growth has slowed significantly, weighed