7 months Fitch: PH ‘stable’ but lags in key indicators Manilatimes |Biz
Debt watcher Fitch Ratings on Friday affirmed the Philippines’ “BBB” investment grade rating with a stable outlook, even as it noted that the country’s structural indicators continue to lag behind its peers. “The ratings balance the Philippines’ prospects of strong sustainable growth and high levels of foreign-exchange reserves against relatively low per-capita income, governance indicators, and government revenue,” Fitch said in a statement. The ‘BBB’ is a notch above minimum investment grade while the “stable” outlook means the rating is likely to remain unchanged within next 12-18 months.Advertisements
The credit ratings agency said it expects the Philippine economy ... more