Fitch affirms PH rating; outlook remains stable

Nov 13, 2023 12:40 am

DEBT watcher Fitch Ratings has affirmed the Philippines' investment grade rating and stable outlook.

'The 'BBB' rating and stable outlook reflect the Philippines' strong medium-term growth prospects, which support a gradual reduction in government debt/GDP (gross domestic product) over the medium term, after substantial increases in recent years,' Fitch said in a commentary released last Friday.

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