6 months Fitch maintains PH’s ‘investment grade’ credit rating MB |Biz
By Chino S. Leyco One of the three major international credit rating agencies kept its investment grade status given to the Philippines, citing sustainability of the economy’s robust growth, while recognizing efforts to bring inflation back to target. (Reuters file) Fitch Ratings announced yesterday that it is maintaining the Philippines’ credit rating at “BBB,” which is one notch above the minimum investment grade, with a “stable” outlook that indicates the absence of factors, which can change the rating within the short term. The debt watcher said it expects the Philippine economy to grow by 6.1 percent this year, about the ... more