Moody’s, Fitch flag high Philippine debt, interest payments

MANILA, Philippines — The Philippines’ stable growth outlook is keeping its investment-grade rating intact, but high debt levels and a persistent budget deficit continue to weigh on the fiscal consolidation path. In separate assessment reports, global debt watchers Moody’s Ratings and Fitch Ratings maintained their respective “Baa2” and “BBB” ratings on the Philippine government, both with