Halister News

(Bloomberg) -- Fears that Financial Action Task Force might blacklist Philippines over changes in chairmanship of Anti-Money Laundering Council don’t have basis, according to statement from President Rodrigo Duterte’s spokesman.

• “The President hasn’t given his imprimatur on the Anti- Money Laundering Council changes. He simply complained of some AMLC members serving other masters,” statement says
• Bill that seeks such changes has to undergo deliberation in Congress and govt expects risk of blacklist will be considered during discussion
• NOTE: Philippines Risks FATF Blacklist Over Dirty Money Law Plan: Star Link

--JANA RANDOW

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.

• To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery

DOWNGRADE

• Krisam Automation
  • Long-term bank facilities cut to B+ from BB- at Crisil
  • Cites stretched working capital cycle