October 04, 2011 10:38:02 PM
REPRESENTATIVES of credit rating agencies Philippine economic officials met in Washington, DC at the sidelines of the International Monetary Fund-World Bank meetings last month acknowledged fiscal improvements the country has achieved and agreed that fresh reviews should be done "late this year to early-2012," the Bangko Sentral ng Pilipinas (BSP) said in a press statement on Tuesday.
The central bank said BSP Governor Amando M. Tetangco, Jr. and Finance Secretary Cesar V. Purisima briefed "high ranking officials" of credit raters Standard & Poor's (S&P), Moody's Investors Service and Fitch Ratings "on the latest developments in the Philippine credit story."
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