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Market gets Moody.

Asia Africa Intelligence Wire

| December 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Philippine Daily Inquirer)

Byline: Ron Nathan

MOODY'S is arriving in the Philippines today for the Thriller in Manila. They will study the economic data and decide whether to downgrade our bonds, already rated as junk. Ron Moody, who played FAGIN in the musical 'Oliver' many years ago, will lead the team. He will probably sing his verdict as follows:

"I'm reviewing the situation

And it looks to me as being very bad.

Of all the countries, which are Asian,

I think this is the worst we ever had.

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