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“It still feels like a dream.”
James McCormack quote
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“We are still comfortable. In a BB range, we do have some tolerance for political noise.”
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“They do a pretty good job of getting people in who are quite capable. They have a deep bench.”
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“You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle.”
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“The more of these events there are, inevitably the weaker she becomes. Surviving a crisis in leadership doesn't necessarily strengthen a leader.”
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“This is one of the countries where politics matter and it is central to our assessment. Politics affects economic policy.”
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“If the political turmoil continues, we may need to revise growth rates in countries like Thailand.”
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“When you've got credit growth that already exceeds (gross domestic product growth), that's a lot of new credit.”
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“So if the effective interest rate on Philippines government debt goes up, it just takes more of their revenues to service their debts, so these are issues that really do need to be addressed.”
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“The Philippines is one country where politics matter.”
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