‘Citira, Pifita key to getting ‘A’ rating’

THE government can secure an “A” investment grade credit rating for the Philippines once two crucial tax reform measures are passed, according to a Philippine National Bank (PNB) economist.

“In our view, Fitch stands ready to hike the country’s investment credit rating upgrade to the next level if we see [the] passage of key fiscal and macro reform measures, closing in on the coveted ‘A’ ratings,” Jun Trinidad, an economist at the Tan-led lender, said in a report released earlier this week.