Sovereign debt

Exclusive: Philippines' treasurer on how the country is inching towards the A-grade rating

The country's national treasurer explains the government's action plan to facilitate a sovereign rating upgrade to the coveted A status. Prioritising domestic debt fundraising over international and expanding its product mix to include sukuks and green bonds are part of the answer.
The Philippines spent more than two decades with a sovereign credit rating that remained firmly stuck at the BB level. One thing the country does not want to endure is the same time period again at the BBB level.

The government has its eyes firmly set on an A-rating and in some respects investors clearly believe it is already there based on tight secondary market trading levels. 


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