Fitch affirms PH's 'BBB' rating

By Philippines News Agency

Jun 09, 2024 12:15 am

FITCH Ratings has affirmed the Philippines' investment grade rating at 'BBB' with a stable outlook after noting the country's robust medium-term growth potential and stable debt level.

'The 'BBB' rating and Stable Outlook reflect the Philippines' strong medium-term growth, which supports a gradual reduction in government debt/GDP (gross domestic product) over the medium term and the large size of the economy relative to 'BBB' peers,' Fitch Ratings said in a report released late Friday.

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