Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) said central banks should be cautious about raising interest rates too quickly in response to supply shock-driven inflation, even as the Bangko Sentral ng Pilipinas (BSP) is now widely expected to tighten monetary policy further after April...
State-run Land Bank of the Philippines (Landbank) said the reason debt watcher Fitch Ratings opted to retain the government financial institution’s (GFI) ‘BBB’ investment rating was its sound fundamentals and solid governance. “Our investment-grade rating was affirmed because our...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. remains upbeat that the Philippines can clinch a coveted ‘A’ credit rating within the Marcos administration’s term, provided external pressures subside. “That’s still possible,” Remolona told reporters last week when asked...
British banking giant Barclays has maintained its “underweight” rating on Philippine sovereign debt, following Fitch Ratings’ decision to downgrade the country’s credit outlook to ‘negative’ amid mounting fiscal and growth concerns. In an April 20 report obtained by Manila Bulletin,...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. vowed to continue implementing measures to keep inflation under control and support sustainable economic growth, following Fitch Ratings’ reaffirmation of the country’s BBB credit rating. “The BSP took actions to help keep...
The Philippines maintained its investment-grade credit rating from London-based Fitch Ratings due to strong medium-term growth prospects despite some structural weaknesses. In a statement, Fitch Ratings said on Tuesday, April 29, that it affirmed the Philippines' long-term foreign-currency issuer...
Debt-watcher Fitch Ratings has raised its global growth forecasts for this year due to improved confidence in recovery prospects. In its latest Global Economic Outlook released on Tuesday, June 18, Fitch said it raised its global gross domestic product (GDP) outlook to 2.6 percent from 2.4 percent...
Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines’ investment-grade credit rating by Fitch Ratings would attract more foreign investments into the country. In a statement on Monday, June 10, Recto said he welcomed Fitch’s decision to maintain the country’s...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr. "An unequivocal vote of confidence" in the Marcos administration's socioeconomic agenda. That's how House Speaker Martin Romualdez described Fitch Ratings’ revision of its credit outlook for the Philippines’...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
The Philippine economy is seen to expand to over 7 percent in the next few years as forecast by global credit rating firms, Malacañang announced on Friday, Feb. 18. (Jansen Romero / MANILA BULLETIN) Citing the recent report from S&P Global Ratings, Cabinet secretary and acting presidential...
