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Globe Telecom seen getting rating upgrade.

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| March 29, 2004 | COPYRIGHT 2003 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: Clarissa S. Batino

GLOBE Telecom Inc. is the only Philippine company that may get a credit rating or outlook upgrade from Standard & Poor's this year, according to a recent report of the New York-based rating agency.

Globe, the second-biggest telecom firm in the country, is one of the 243 rated companies and sovereigns worldwide that S&P named as potential candidates for an upgrade.

A rating or outlook upgrade tends to bring down the cost of the rated firm's borrowing as it indicated less risks, giving investors less reason to demand a higher return for their placements.

"A global total of…

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