Wednesday 20 November 2019
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manilatimes - 13 days ago

General government debt-to-GDP worsens in Q1

THE country’s consolidated general government (GG) debt-to-gross domestic product (GDP) ratio rose in the first quarter of 2019, the Department of Finance (DoF) reported on Thursday. The ratio — used by debt watchers such as Fitch Ratings, Moody’s Investors Service and S #38;P Global Ratings to assess the creditworthiness of sovereign borrowers — worsened to 38 [ ]


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