Moody's - updates

Rappler's latest stories on Moody's


Britain, eurozone face 2% recession in 2020 – S&P

Mar 26, 2020 - 8:30 PM

S&P says a 2% recession for Britain and the eurozone would amount to a loss in real GDP of about 420 billion euros ($460 billion) in 2020

A man wearing a mask walks past the Regional Science Centre in Oldham, Lancashire on March 26, 2020, during a country-wide lockdown to slow the spread of the novel coronavirus COVID-19. (Photo by Oli SCARFF / AFP)

Moody's downgrades Hong Kong, blames government response to protests

Jan 21, 2020 - 8:31 AM

The rating downgrade is a major blow to Hong Kong's pro-Beijing leader Carrie Lam, who has struggled to end more than 7 months of huge and often violent pro-democracy protests

DOWNGRADE. Hong Kong's reputation as a global business hub was dealt a fresh blow Monday after Moody's downgraded a key rating. AFP file photo

Hanjin crisis threatens banks' credit ratings – Moody's

Jan 15, 2019 - 5:15 PM

(UPDATED) Debt watcher Moody's says the loan exposure of 5 Philippine banks is a credit negative and will drive credit costs higher

Philippine economy’s growth likely slowed in Q2 2018 – Moody's

Aug 03, 2018 - 7:29 PM

Moody's Analytics says inflation is partly to blame for the slower gross domestic product growth

GROWTH. Moody's Analytics projects the Philippine economy to have grown at a slower pace partly due to inflation. Photo by Jire Carreon

Moody's: Federalism, 'contentious' policies worry investors

Jul 21, 2018 - 2:18 PM

Moody's Investors Service says the country's 'relatively weak rule of law' and the possible shift to federalism could drag down the economy

#HustleEveryday: 6 tips for dealing with a moody boss

Jan 28, 2018 - 6:40 PM

Got a boss who's sunny one minute and stormy the next? Here's what you should do.

Drug war, Maute terrorists 'rising' risks for Philippines – Moody's

Sep 16, 2017 - 6:17 PM

Moody's also cited "continued uncertainties" over Duterte's proposed comprehensive tax reform law that Congress had yet to pass

DRUG WAR. 3 suspected drugs personalities were apprenhended by cops while 3 others died after a shootout in Maypajo, Caloocan City on September 30, 2016. Photo by LeAnne Jazul/Rappler

Moody's keeps Philippine GDP target despite Marawi crisis

Jun 01, 2017 - 5:50 PM

A senior credit officer at Moody s says the firm expects the economic impact of the Marawi crisis to be minimal and short lived

CONTAINED. Moody's explains the fighting has thus far has been contained to Marawi, located in the Autonomous Region in Muslim Mindanao (ARMM), which itself accounts for only 0.7% of GDP. File photo

Moody's cuts China's rating on debt fears

May 24, 2017 - 9:20 PM

But Beijing s finance ministry rejects the assessment saying Moody s had used an inappropriate method to assess risks

A general view shows a congested road in Beijing on May 24, 2017. Moody's on May 24 slashed China's credit rating for the first time in almost three decades citing concerns about the country's rising debt and slowing growth, but Beijing rejected the downgrade as "inappropriate". / AFP PHOTO / FRED DUFOUR

Tax reform, infra push may boost PH credit rating – Moody's

Oct 19, 2016 - 8:00 AM

UPDATED The credit rating agency however warns that President Rodrigo Duterte s rhetoric towards critics has the potential to strain long standing security and trade relations

Dominguez tells Moody's execs: Ignore political noise

Oct 14, 2016 - 7:30 PM

Moody s Investor Services currently rates the Philippines as Baa2 – an investment grade rating with a stable outlook – higher than what it has given Vietnam and India

'IGNORE POLITICAL NOISE.' Dominguez tells Moody’s executives that the Duterte administration would carry out its inclusive growth agenda, while building on the economic gains of the past administrations and exercising fiscal responsibility

Erdogan suggests Moody's can be 'bought' after rating cut

Sep 29, 2016 - 9:21 PM

Downgrades by major rating agencies typically translate into higher borrowing costs for a government

ERDOGAN. Turkish President Recep Tayyip Erdogan delivers a speech during 27th Mukhtars (local administrators) meeting at the Presidential Complex in Ankara on September 29, 2016. Photo by Adem Altan/ AFP

PH state of lawlessness to have limited impact on credit rating – Moody's

Sep 07, 2016 - 7:10 PM

While the credit rating agency doesn t see any risk in the short term it warns that increasingly controversial law and order policies could detract attention from economic reforms

Hague ruling won't affect PH, China credit ratings – Moody's

Jul 13, 2016 - 7:40 PM

We assess geopolitical strains as posing a very low risk of weighing on sovereign credit trends in China or the Philippines says Moody s senior vice president Marie Diron

POLICY PAPER. Pamphlets titled 'Facts and Policy; The China-Philippine Dispute in the South China Sea' and the policy paper on China's position on the ruling of an international tribunal on the South China Sea are seen beside a reporter during a press conference in Beijing, China on July 13. Photo by How Hwee Young/EPA

PH keeps investment grade ratings – for now

May 11, 2016 - 7:30 PM

For now Standard and Poor’s Moody’s and Fitch all keep the country’s credit rating at investment grade as the country prepares for a Duterte presidency

Moody's downgrades Hong Kong outlook to 'negative'

Mar 12, 2016 - 6:44 PM

Moody s cites fears of increasing Chinese interference and rising political tension in the city as reasons behind the downgrade

A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012. AFP PHOTO/Emmanuel Dunand

Moody's places Gulf states on review for downgrade

Mar 05, 2016 - 5:35 PM

After lowering Oman and Bahrain s credit ratings Moody s is reviewing countries like Saudi Arabia the United Arab Emirates Kuwait and Qatar for possible downgrades

DOWNGRADE. Moody's cites lowering oil prices leading to weakened economies as reasons for downgrading Gulf States' credit ratings. AFP file photo

Moody's: PH growth in 2016 likely better than peers

Feb 01, 2016 - 7:18 PM

The Philippines has shown strong growth compared to export oriented Asian economies says Moody s

Philippines gets credit rating upgrade from NICE

Jan 23, 2016 - 9:54 AM

With this latest credit rating action from NICE Fitch Ratings remains the only agency that assigns the minimum investment grade to the Philippines

UP A NOTCH. The upgrade anchors on improved government transparency and enhanced environment backed by expanded infrastructure

Moody's lowers Philippine GDP forecast for Q4 2015

Jan 22, 2016 - 4:36 PM

Moody s Analytics says strong growth in services including BPO is helping offset weakness in exports from sluggish global demand and in agriculture

SLOWER GROWTH. The slash in GDP growth projection is due to slowing export growth, fiscal underspending, and the impact of the El Niño-related dry spell on agricultural production

Moody's retains credit rating, stable outlook for PH

Dec 14, 2015 - 7:55 PM

The debt watcher keeps its Baa2 rating for the country on a stable outlook

RETAINED. Moody’s retained its credit rating and outlook for the country. it upgraded the country’s credit rating to Baa2 – a notch above the minimum investment grade – with a stable outlook in December 2014.

Moody's: PH banks 'stable' for next 12-18 months

Nov 24, 2015 - 6:02 PM

The credit expansion of Philippine banks is expected to remain brisk at 14 16 for the period says Moody s

STABLE. Simon Chen, vice president and senior analyst at Moody’s, says the Philippine banking system is expected to benefit from the country’s steady domestic economic growth, stable asset quality, and strong funding and liquidity profiles. Image from Shutterstock

Indonesia rises in World Bank's ease of doing business ranking

Oct 28, 2015 - 9:41 PM

Indonesia jumped from rank 114 in 2015 to rank 109 in 2016

EASE OF DOING BUSINESS. Indonesia rises in the World Bank's latest rankings. EPA/ADI WEDA

Bank Dunia: Berbisnis di Indonesia semakin mudah

Oct 28, 2015 - 8:02 PM

Indikatornya peringkat Indonesia naik dari 114 ke 109 dalam peringkat kemudahan berbisnis Bank Dunia edisi 2016

BONGKAR MUAT. Pekerja membongkar muatan berisi gula dari sebuah kapal di Tanjung Priok, 2 May 2007. Foto oleh Jurnasyanto Sukarno/EPA

Transparency, ratings agency warn on Malaysia graft 'crisis'

Sep 02, 2015 - 5:40 AM

Malaysia is facing a major corruption crisis graft watchdog Transparency International says as it calls for independent investigations

CORRUPTION CRISIS. Transparency International says Malaysia is facing a major corruption crisis, and the government of Prime Minister Najib Razak must conduct an independent investigation. File photo

PH economic growth picking up despite slip in exports – Moody's

Aug 22, 2015 - 10:18 AM

Merchandise exports – which contribute 30 40 to GDP – however decline by 4 7 in the first semester the Philippine Statistics Authority says

PICKING UP STEAM. Moody’s says stronger government spending allowed the Philippine economy to recover from its dismal performance in the first quarter

PLDT earmarks $100M for digital investments

Aug 19, 2015 - 4:55 PM

PLDT intends to spend heavily in digital partnerships acquisitions to expand its subscriber base and establish industry leadership

HEAVY INVESTMENTS. One of PLDT's recent digital investments is its $5-million worth acquisition of Singapore-based ecommerce startup Paywhere

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

PH gets credit rating upgrade from Japan

Jul 06, 2015 - 6:32 PM

The latest upgrade from Japan Credit Rating Agency is the 22nd positive rating action for the country from international credit rating agencies like S P Moody’s and Fitch

'Invest in PH now' - Gov't, business make pitch to US investors

Jun 29, 2015 - 12:27 AM

The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country

Economic reforms to continue beyond 2016 – BSP

Mar 26, 2015 - 5:08 PM

BSP Deputy Governor Diwa Guinigundo gives the assurance amid foreign investors concerns

ASSURANCE The BSP assures foreign investors that the Aquino administration's economic reforms would continue beyond 2016. Rappler file photo

Fitch affirms Philippines' 'BBB-' rating

Mar 18, 2015 - 12:13 PM

The country s BBB rating is one notch below the rating assigned to the Philippines by Moody’s Investors Service and Standard Poor’s

PH deserves a Fitch upgrade – DTI chief

Feb 04, 2015 - 2:51 PM

Trade Secretary Gregory Domingo says the Philippines deserves a Fitch rating upgrade 3 notches higher to investment grade citing stable growth and investor confidence in the country

US probes Moody's rating agency – report

Feb 02, 2015 - 8:04 AM

The credit rating agency is being investigated over its glowing assessments of mortgage deals in the runup to the 2008 financial crisis

A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012. Emmanuel Dunand/AFP

Inflation within target for 6th consecutive year – BSP

Jan 23, 2015 - 4:22 PM

The government inflation target has remained within range for the 6th consecutive year since 2009 despite the 3rd quarter growth slump in 2014 the central bank says

Gov’t posts P6.8-billion fiscal surplus in November

Dec 29, 2014 - 7:25 PM

This is the 4th time this year the government posts a surplus – a bad indicator for the economy dragged down by underspending

'The Interview' streaming, Rappler LINE stickers (TechRap)

Dec 28, 2014 - 10:00 AM

Sony streams The Interview online PlayStation Xbox service in US goes down on Christmas And Rappler launches stickers on mobile app LINE

Meet Moody! Rappler launches stickers on LINE

Dec 23, 2014 - 1:11 PM

Want LINE stuffed toys? 30 lucky followers of Rappler on LINE from Metro Manila can take one each

Aquino: PH to get $500M soft loan from South Korea

Dec 13, 2014 - 11:20 AM

Fresh from an overnight trip to South Korea President Benigno Aquino III reports more good news to the people

GOOD NEWS. A happy President Benigno Aquino III arrives from an overnight trip to South Korea on December 12, 2014. Photo from Malacañang Photo Bureau

PH gets another boost from Moody’s

Dec 11, 2014 - 8:34 PM

The credit rating agency ups its investment grade rank for the country to a notch citing stable outlook but warns that the government s growth target for 2014 might be too hard to achieve

Turkey warns credit agencies over 'political' assessments

Sep 17, 2014 - 12:40 AM

Political risks should not weigh on Turkey s credit rating Turkish President Recep Tayyip Erdogan argues

Moody's negative on Brazil in new blow to Rousseff

Sep 10, 2014 - 7:43 AM

As the country prepares to go to the polls on October 5 Moody s warns that sustained low growth and worsening debt metrics could see Brazil s credit rating cut

Aerial view of Christ the Redeemer statue, in Rio de Janeiro, Brazil, taken on June 26, 2014. Yasuyoshi Chiba/AFP

PLDT stake in Rocket Internet diluted

Aug 18, 2014 - 4:29 PM

The entry of United Internet AG diluted the dominant Philippine carrier’s stake to 8 6 from 10

Moody’s sees PLDT earnings rising after Rocket investment

Aug 11, 2014 - 6:19 PM

Moody’s says PLDT s earnings will improve slightly next year amid lower costs along with higher revenues from its broadband and mobile Internet businesses following its acquisition of a 10 stake in Rocket Internet

Moody's downgrades Turkey outlook to 'negative'

Apr 11, 2014 - 2:54 PM

Turkey s Prime Minister has faced increasing pressure over the past year and analysts warn of economic slowdown following months or turmoil

DOWNGRADE. Moody's rating agency downgrades Turkey's outlook to negative.

Moody's puts Russia on review for downgrade

Mar 29, 2014 - 9:18 AM

The ratings agency s Investor Service says the Ukraine crisis could further damage the country s economic outlook give its large investment needs

Italy awaits new prime minister after Letta quits

Feb 15, 2014 - 11:39 AM

Prime Minister Enrico Letta was forced to quit his post after his own Democratic Party backed leftist leader Matteo Renzi

RESIGNATION. Italian outgoing Prime Minister Enrico Letta arrives at his home in Rome, Italy, Feb 14 2014. Earlier the day, Letta resigned as Italian Prime Minister. Photo by EPA/Angelo Carconi

Qantas struggles as Moody's downgrades airline to 'junk'

Jan 09, 2014 - 9:54 AM

UPDATED Qantas is now rated Ba2 by Moody s and BB by Standard and Poor s meaning it is considered a junk product by professional investors

Photo courtesy of Qantas.

PH economy in 2013: Wins and losses

Jan 01, 2014 - 5:43 PM

Here are the biggest stories about the Philippine economy in 2013 what has been achieved and what else needs to be done

PH Q3 growth slowed – Moody's

Nov 25, 2013 - 11:54 AM

A Moody s Analytics preview says Q3 GDP growth slowed down on account of lower government spending

SLOWER GROWTH? Moody's Analytics forecasts Philippine GDP growth of 7% for the third quarter, slightly lower than previous quarters.