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Exclusive: Philippines to stick to debt plan despite ratings upgrade - IFR

NOIDA, India, May 2 (IFR) - The Philippines will focus on the onshore market for its funding needs in 2013 rather than offshore even after the country sealed full investment-grade status with its second credit rating upgrade, Treasurer Rosalia de Leon said. The upgrade opens the door to fresh foreign capital because the Philippines is now eligible to be part of indices used to benchmark tens of trillions of dollars in investments.
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