Asked when the Philippines is seen to have an A investment grade
, Beltran said such may come first from credit-rating agencies in Asia, rather than the big three agencies.
With the planned issuance of investment grade
bonds, we are continuing along this path and want to establish ourselves in this market segment in the long term.'
Despite the trillion debt figure, Moody's believes that investment grade
refinancing volumes in EMEA are manageable within the normal capacity of capital markets.
To be considered investment grade
, a company must be rated at 'BBB' or higher by Standard and Poor's (S&P) or the equivalent by other rating agencies.
Although reclaiming the logo carried plenty of emotion at Ford, the company's investment grade
status is expected to make future borrowing cheaper for the company.
Tunisia has the lowest investment grade
rating and is on negative outlook with all three major ratings agencies.
CoStar's Investment Grade
commercial real estate pricing index, representing larger transactions that comprise the majority of the market on a dollar volume basis, experienced the smallest decline, 1.10%.
Moody's upgraded Turkey to Ba2 in January, two levels below investment grade
and Standard & Poor's increased its ranking in February to BB.
The long-term debt rating was increased to B+ from B, putting it four levels below investment grade
and in line with Argentina's rating.
Credit agency Standard & Poor's has upped the company's debt rating from "junk" status to "investment grade
" after BA tackled its pounds 2.1bn pension deficit and the outlook for the airline industry improved.
Meanwhile, El Paso reported on March 13, Moody's Investor Services upgraded its pipeline subsidiaries to Baa3, marking the first time since 2002 the pipelines have been rated investment grade
by the agency.
Following a review, Moody's cut EDS' unsecured notes from Baa3, the lowest investment grade
, to Ba1, considered the first rung down into junk territory.