Moody's to Acquire Minority Stake in PhilRatings
Moody's Corp. will acquire a minority stake in Philippine Rating Services Corp. (PhilRatings), anticipating growth in the Philippines' bond market and infrastructure pipeline will drive demand for domestic credit ratings. This marks the first investment by a global rating agency in a Philippine firm.
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- Moody's to Acquire Minority Stake in PhilRatings
Moody's Corporation is set to acquire a minority stake in Philippine Rating Services Corp. (PhilRatings), a domestic debt watchdog. This marks the first investment by a global credit rating agency in a Philippine debt rater.
- Moody's to Acquire Minority Stake in PhilRatings
Moody's Corp. has agreed to acquire a minority stake in Philippine Rating Services Corp. (PhilRatings), expanding its presence in the Philippines amidst growing demand for financing and a burgeoning domestic bond market.