Tag page - Fitch Ratings

Fitch Ratings has lowered its GDP growth forecast for the Philippines to 6.3 percent this year from its previous estimate of 6.9 percent as it sees a tempered recovery due to limited fiscal space. However based on its latest “APAC Sovereign Credit Overview” for the second quarter, Fitch expects...

The local stock market declined as investors continue pocketing gains following the previous day’s spike. The main index dropped 46.68 points or 0.64 percent to close at 7,258.11 with all sectors retreating. Volume dipped to 41.52 billion shares worth P9.74 billion as losers beat gainers 144 to...

One of the three major international debt watchers has kept the Philippines’ investment grade credit rating due to the nation's manageable fiscal situation despite the coronavirus-induced recession. Fitch Ratings said that the growth prospects in the Philippines remain favorable, particularly...