Sunday, March 31, 2013

MANILA BULLETIN: The camp of former Pres and now Pampanga Rep. Gloria M-Arroyo has decided to remain in the background as an ecstatic Aquino administration celebrated the country's Fitch Ratings upgrading its credit rating to investment grade for the first time in the nation's history. Members of  Arroyo's staff said the former President has given strict orders not to issue any reaction to the economic achievement made by the Aquino government although the international credit rating firm acknowledge her huge contribution to the upgrade. Fitch Ratings noted: "Improvements begun under former President Gloria M-Arroyo have made general government debt dynamics more resilient to shocks."

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