Ratings upgrade goal at risk

By Eireene Jairee Gomez

Oct 29, 2022 12:24 am

THE Marcos administration's goal of securing significant credit rating upgrades for the country appears to be at risk given internal and external headwinds, an analyst said on Friday.

Fitch Ratings' decision to affirm the country's 'BBB' score and negative outlook, China Banking Corp. chief economist Domini Velasquez told The Manila Times, 'augurs to the difficulty of achieving the Marcos administration's target to achieve an A credit rating before the end of his term.'

Finance Secretary Benjamin Diokno File Photo

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