House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez says the Philippines' A- credit rating from Japan-based Rating and Information Inc. “is an affirmation that the...
The Marcos administration secured its first credit rating upgrade from Japan-based Rating and Investment Information, Inc. (R&I), the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 14, the DOF announced that the Japanese debt watcher raised the country’s credit...
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...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
Finance Secretary Ralph G. Recto said the government is keeping its ambitious target of achieving an "A" credit rating before the end of the Marcos administration. Although the president is still early in his term, Recto is optimistic on the country's prospects for climbing the rating ladder, with...
Billionaire Manuel B. Villar listed property developer Vista Land & Lifescapes Inc. has successfully raised P6 billion through the issuance of triple-A rated peso-denominated fixed-rate bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the bonds consist of Series F...
The Department of Finance (DOF) said that S&P Global Ratings' affirmation of the Philippines' investment grade credit rating signifies a vote of confidence. In a statement on Wednesday, Nov. 29, Finance Secretary Benjamin E. Diokno said that S&P Global's favorable decision follows a series...
Credit Rating and Investors Services Philippines Inc. (CRISP Ratings) has reaffirmed its “AAA” issuer rating with a stable outlook on real estate tycoon Manuel B. Villar's Vista Land and Lifescapes Inc. (VLL). The highest rating was given based on the firm’s market leadership in property...
Sovereign credit ratings may seem complicated, but they are essentially evaluations of a country's financial well-being. These ratings determine the likelihood of a country meeting its financial commitments and have significant effects on important economic factors that directly impact the lives of...
Debt-watcher S&P Global maintained the Philippines' investment grade status with stable outlook as it expects the economy to remain robust on the back of strong domestic demand. S&P on Thursday, Nov. 17, kept the country's long-term foreign-currency rating at "BBB+," which is one notch away...
Japanese debt-watcher Rating and Investment Information Inc. (R&I) has maintained the investment grade credit rating for the Philippines on the back of solid growth despite the prolonged pandemic. In a statement, R&I said on Tuesday, April 19, that it affirmed the country’s foreign...
Presidential spokesman Harry Roque on Tuesday, September 7, trumpeted the country’s “A-“ rating from the Japan Credit Rating Agency (JCRA) and the drop in the unemployment rate to 6.9 percent. Presidential spokesperson Harry Roque (OPS / FILE PHOTO / MANILA BULLETIN) During a virtual press...
