The president stated we

The president stated we are able to honor all our commitments,” he brought.

A credit score downgrade could be felt by traders and ordinary Filipinos, Dominguez referred to. “What should probably appear if they downgrade us? If they downgrade us, initially, the hobby quotes we pay for our loans – our new loans—will cross up.

“When hobby prices for the authorities move up, that means … we’ve much less price range to spend on our application.”

Eventually, it might result in better home hobby prices that could hit corporations and people, Dominguez stated. “If the interest charge goes up domestically, of direction the businesses might be difficult hit … Well, not tough hit. It relies upon on how tons it’s going to pass up. But sincerely, you recognize humans, who buy automobiles or bikes on credit are going to pay a better charge.”