Bloomberg News

Philippines Deserves New Round of Rating Upgrades, Tetangco Says

November 02, 2011

Oct. 20 (Bloomberg) -- The Philippines deserves a new round of credit rating upgrades, central bank Governor Amando Tetangco said in a speech in Manila today, citing gains in the fiscal program and a healthy banking sector.

Regulators are preparing “more initiatives” to strengthen the banking system, Tetangco said.

With assistance from Cecilia Yap in Manila.

To contact the reporter on this story: Joel Guinto at jguinto1@bloomberg.net

To contact the editor responsible for this story: Karl Lester M. Yap at kyap5@bloomberg.net


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