PHILIPPINES PRESS-S&P says higher rates unlikely to hurt Philippine banks - BusinessWorld

Thu Feb 20, 2014 7:24pm EST

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Higher interest rates, expected later this year, could cool property prices somewhat but won't hurt the health of Philippine banks' home mortgage portfolios, global debt watcher Standard & Poor's said, according to a BusinessWorld newspaper report.

(link.reuters.com/kar96v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Sunil Nair)

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