The Philippines retained its investment-grade credit rating from Moody’s Ratings. While a more favorable action would have been ideal, the New York-based agency cited several factors that influenced its decision to affirm the ‘Baa2’ score with ‘stable’ outlook. Moody’s is known for its...
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...
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...