Tag: Malacanang

Malacañang’s enthusiasm on credit rating upgrade unwarranted-IBON

May 4, 2019

IBON executive director Sonny Africa said that the recent credit rating upgrade is not a sign of economic progress and that Malacañang’s enthusiasm is greatly unwarranted. The credit rating upgrade is most of all an assessment of the government’s ability to repay debt and not of economic development. There would be no such upgrade if […]