PH HAS RECEIVED PRAISE FROM FOREIGN AND LOCAL INSTITUTIONS FOR SPECTACULAR PERFORMANCE OF THE PHILIPPINE ECONOMY IN 2012 -- EXCEPT, TA DA DA>>>>>> FROM MALAYSIA... IN FACT MALAYSIA RATING SERVICES RATED PHILIPPINES AS LAGGARD IN THE REGION!
Typical batty peacenickers from PH panel: "None is so blind as them that will not see!" aptly describes the typical bat-eyed peacenickers from Ph panel in the ongoing "Framework Agreement" engineered by Malaysia.
WAKE UP PHILIPPINES!!! MALAYSIA IS NOT A FRIEND!!!
OUR VIEW: Malaysia DOES NOT WANT the Philippines to be anything -- BECAUSE it threatens them! HAVEN'T THE PHILIPPINE PEACENICKERS REALISED THAT?
MALAYSIA IS NOT A FRIEND! Once and for all, PH must accept that! PH must not allow them to engineer the whole Malysia-MILF-PH Framework or whatever because it's bound to dismantle the Republic!
Really, "None is so blind as them that will not see!" -- aptly describes PH.
~ Admins, Defenders of the Philippine Sabah & Spratly Claims
28 January 2013
STORY: Pragmatic rating
Philippine Daily Inquirer
9:39 pm | Monday, January 28th, 2013
The Aquino administration has received much praise from foreign and local institutions for the “spectacular” performance of the Philippine economy in 2012. The International Monetary Fund, World Bank, Asian Development Bank and private think-tanks have all been bullish on the Philippines.
Thus, many were surprised by the release last week by Malaysian credit-watcher RAM Rating Services of its inaugural sovereign ratings for five leading Southeast Asian countries. In brief, it showed the Philippines as the laggard among the region’s major economies.
In an 80-page report titled “Leading Asean Sovereigns,” RAM gave the Philippines a rating of “BBB” on its long-term borrowings, meaning that it had only “moderate capacity to meet its obligations.”
The Philippines was also given a short-term rating of P2, also the lowest in this category, meaning that it had “adequate capacity to meet its short-term financial obligations.”
Malaysia and Singapore got the highest ratings of “AAA” and P1, respectively, meaning “superior capacity” to pay long-term debt and “strong capacity” to settle short-term obligations. Indonesia and Thailand got “AA” and P1, the former indicating “strong capacity” to meet long-term obligations.
RAM was incorporated in 1990 and listed among its shareholders Fitch Ratings, McGraw-Hill Asian Holdings (Singapore), and the Malaysian subsidiaries of Bank of America, Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, Citibank, HSBC, JP Morgan Chase and Standard Chartered.
Link to full article: http://opinion.inquirer.net/45841/pragmatic-rating
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