While the e-VAT and the impeachment issue have both been resolved favorably in recent days, we are maintaining our negative outlook on the Philippines' ratings. -James Mccormack

 

While the e-VAT and the impeachment issue have both been resolved favorably in recent days, we are maintaining our negative outlook on the Philippines' ratings.


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This quote is just one of 9 total James Mccormack quotes in our collection. James Mccormack is known for saying 'While the e-VAT and the impeachment issue have both been resolved favorably in recent days, we are maintaining our negative outlook on the Philippines' ratings.' as well as some of the following quotes.

There is a question about how long you can do that, but it is not as if money supply is growing too fast.

James Mccormack

We will wait until taxes are actually implemented, that revenue is being collected. We will look at whether or not the tax rate will increase, but we assume it will.

James Mccormack

We are a bit cautious about the two-percentage-point increase because of the risks - primarily political risks - that it might not be implemented. One thing we learned from this is that there is always a potential for delays in its implementation.

James Mccormack

Assuming the two-percentage-point increase goes through in January, we will undertake a full review of the ratings, ... is what we are looking for from a ratings perspective.

James Mccormack

The reserves are more than adequate. Maybe it is becoming excessive.

James Mccormack