Sunday 24 June 2018
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3 months ago

PH ‘panda’ bonds get highest rating by top China rating body

The Philippines upcoming foray in China s debt market got a boost from a top Chinese credit rating agency that gave the planned panda bonds issuance its highest rating on the back of the country s solid macroeconomic fundamentals. In a statement Monday, the Department of Finance said that this month s issuance of three-year panda bonds worth 1.46 billion renminbi (about P12 billion) was rated AAA with a stable outlook by by China Lianhe Credit Rating Co. Ltd. The DOF said that the Chinese debt w

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