51. In January, the Japan Credit Rating Agency upgraded its long-term debt rating of the Philippines to triple-B-minus from double-B. 52. The outlook for the long-term debt rating is negative. 53. The outlook for the long-term debt ratings is negative. 54. The ratings agency also decided to keep unchanged its subordinated debt ratings for two other Japanese banks. 55. They also had their long- and short-term foreign counterparty and debt ratings affirmed, stable to negative. 56. They said the rupiah was dragged down by the fall of the South Korean won, a downgrade in Asian debt ratings and the dollar liquidity squeeze. 57. Analysts said that the big commercial banks were also hit hard following the recent downgrading of leading local commercial bank debt ratings by a European-based credit agency. 58. Under the downgrades, the senior unsecured debt ratings for both parent companies were lowered from single-A to A-minus. 59. Under the downgrade, the senior unsecured debt ratings for both parent companies were lowered from single-A to A-minus. 60. Micron Tech saw its share prices plunge more than two dollars on news that Goldman Sachs had downgraded its debt rating. |
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