Wall Street Analysts Weigh in on Latest NFP Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
2025 Market Outlook: Key January Events to Watch 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Urban studies: Doing research when every city is different 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
' - EconoTimes)
Fitch Ratings has assigned the Philippines' forthcoming US dollar-denominated bonds an expected rating of 'BBB-(EXP)'.
The Philippines intends to use the proceeds from the bond sale to pay the purchase price and accrued interest of its own securities repurchased in an associated debt management operation. Residual proceeds may be used for general budget financing purposes.
KEY RATING DRIVERS
The expected rating is in line with the Philippines' Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB-' with a Positive Outlook.
RATING SENSITIVITIES
The rating would be sensitive to any changes in the Philippines' Long-Term Foreign-Currency IDR.
On 8 April 2016, Fitch affirmed the Philippines' Long-Term Foreign-Currency IDR at 'BBB-' with a Positive Outlook. The Long-Term Local-Currency Rating is also 'BBB-' with a Positive Outlook.
