If the liquid benchmarks continue to widen, eventually it will spill over into the less liquid names.
It basically allows their net debt to drop and they are only selling a 20 percent stake -- that means they don't lose control over their port operations' cash flows.
Longer-term, the Philippines could be entering a period of heightened coup attempts, rumor -- similar to the period under former president Corazon Aquino.
Net-net, it is quite positive and would help to alleviate some of the concerns on the credit. There is now ample scope for S&P to remove the negative outlook on its rating.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.