Business
Moody's Acquires Minority Stake in PhilRatings, Boosting Philippine Financial Sector
Global credit rating agency Moody's has acquired a minority stake in Philippine Rating Services Corporation (PhilRatings), marking the first investment by a global rating agency in a Philippine counterpart and expected to bolster the nation's financial sector.
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- Moody’s Completes Stake Acquisition in PhilRatings, Eyes Philippine Bond Market Growth
Moody's Corporation has finalized its acquisition of a 19.99 percent stake in Philippine Rating Services Corp. (PhilRatings), anticipating that the Philippines' economic expansion and infrastructure needs will support bond issuance.