AMONG the most noted accomplishments of the previous Aquino administration were the high ratings it received from the three international credit rating agencies – Fitch Ratings, Moody’s Investor Service, and S&P Global Ratings. The Philippines was lauded as among the leading economies in our part of the world, second only to China. Because of the ratings, the country paid lower interest on its foreign loans. It also attracted foreign investments, although very much below the level of our neighbors in Southeast Asia.
If President Obama considers President Duterte’s language “colorful”, the former should listen to Bangko Sentral Governor Amando M. Tetangco, Jr.Continue reading …