John Teng
John Teng
continue eventually less liquid spill
If the liquid benchmarks continue to widen, eventually it will spill over into the less liquid names.
basically cash control debt drop lose means net percent port selling stake
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.
coup entering former period president rumor similar
Longer-term, the Philippines could be entering a period of heightened coup attempts, rumor -- similar to the period under former president Corazon Aquino.
concerns help negative outlook positive quite remove scope
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.