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Philippine bonds will only pick up post-upgrade
July 12, 2012
Any pick-up in Philippine bonds will only happen after all three ratings agencies have upgraded the country to investment level, according to RBS.
The Philippines is on track for an upgrade to investment level but the bond market will likely only reflect the development once all three ratings agencies have implemented the change, according to RBS.
While equities tend to gain around 48%-89%...
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