Bloomberg: Purisima on investment grade ratings state from Moody’s

June 16, 2011 (Bloomberg) — Philippines’ Finance Secretary Cesar Purisima talks about the country’s credit rating upgrade by Moody’s Investors Service, economy and central bank monetary policy. The Philippines debt rating was raised to Ba2 from Ba3, the highest level since the start of 2005 by Moodys, after the government took steps to reduce its budget deficit. Purisima speaks from Manila with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)