S&P Revises Philippines' Outlook Revised To Stable On External Adversities

April 8 (Reuters) - S&P:

• S&P: PHILIPPINES OUTLOOK REVISED TO STABLE ON EXTERNAL ADVERSITIES; 'BBB+' RATING AFFIRMED

• S&P: STABLE OUTLOOK ON EXPECTATION THAT PHILIPPINES WILL MAINTAIN HEALTHY ECONOMIC GROWTH & FISCAL DEFICIT WILL DECLINE OVER NEXT TWO YRS
  S&P: EXPECT ENERGY SHOCK FOR PHILIPPINES TO BE TEMPORARY

• S&P: REVISED RATING OUTLOOK ON PHILIPPINES AS WAR IN MIDDLE EAST INCREASED RISKS FOR TRAJECTORY OF COUNTRY'S EXTERNAL & FISCAL METRICS

• S&P: BELIEVE IMPACT OF ONGOING ENERGY SHOCKS DUE TO MIDDLE EAST WAR AND GOVERNANCE-RELATED ISSUES WOULD WANE BY SECOND HALF OF YEAR

• S&P ON PHILIPPINES: BELIEVE IS UNLIKELY THAT EXTERNAL, FISCAL SUPPORT WILL IMPROVE SUFFICIENTLY OVER NEXT 2-3 YEARS TO AUGMENT SUPPORT FOR RATINGS

• S&P: BELIEVE SLOWDOWN IN PUBLIC INFRASTRUCTURE INVESTMENT WHICH IS WEIGHING ON PHILIPPINES' GROWTH IS TEMPORARY