To GMA’s (dis)credit
Fitch and S&P are threatening to downgrade their ratings on Philippine debt papers purportedly due to political uncertainties and the failed implementation of the expanded VAT. In so many words, the two rating agencies of this debt-ridden world are saying that Mrs. Gloria Macapagal Arroyo has lost their confidence. True-blue seguristas, Fitch and S&P are […]
More