BUSINESS MIRROR: PHL investment-grade hopes dim - Some of the country's weak fiscal underpinnings and the perception that President Aquino's reform momentum has stalled have prompted the sovereign ratings firm Standard & Poor's (S&P) to cite potential delay in the country's bid to attain investment-grade status. the hoped- for credit upgrade, which would make future foreign borrowings significantly cheaper than possible right now, may be delayed as long as two-and-a-half-years.
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