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RP's bad loans worry Japanese ratings firm (But DoF still hopeful of.
Byline: Dymphna R. Calica
The Department of Finance (DoF) expects to get the Japanese Credit Rating Agency (JCRA) to give a more positive outlook of the country's economy.
But the international credit rating firm expressed concerns over how the government will solve the country's nonperforming loan (NPL) problems and attain its economic growth targets for the year.
"We spoke with the Japanese Credit Rating Agency and they were very happy with the economic performance of the country," Finance Secretary Jose Isidro N. Camacho said.
"They seemed to be pleased. We hope they could give us an upgrade," another government official, meanwhile, …
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