Philippines Quotes
Yes, we knew that sooner or later, with the build up in the Philippines, in Indonesia and after the KKM arrests in Malaysia that they were bound to penetrate us.
- Lee Kuan Yew

What would be under consideration is what to do with the negative outlook - whether to revert that back to stable, or to retain the negative outlook, or to downgrade the credit. But upgrading (the rating) from a negative outlook is not something that happens very frequently, and I don't expect that would happen in the case of the Philippines.
- James McCormack

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