MANILA – Moody’s Investor Service recently said it was keeping its 6.8-percent growth forecast for the Philippines this year, as drivers for the expansion are robust.
Rising borrowing costs will mean stronger profitability for banks, said Moody’s vice president and senior analyst Simon Chen.
The debt watcher, which rates Philippine sovereign debt at investment grade, said it would keep a “close eye” on asset quality. (ABS-CBN News)
