Is the Philippines now fairly rated given its fiscal situation? Is the country's debt fairly priced?

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Is the Philippines now fairly rated given its fiscal situation? Is the country's debt fairly priced?

With the Philippines downgrade by S&P to BB-, is the Philippines now fairly rated given its fiscal situation and the amount of budgetary moves and privatization it still has to conduct? Is the country's debt fairly priced or will it continue to fluctuate strongly in the future? What are the possibilities of further rating changes, be they down or up in the coming 12 months?

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