THE Japan Credit Rating Agency Ltd. (JCR) revised its investment grade credit rating outlook for the Philippines to “positive,” which means the country is now only a step away from securing another upgrade.
“JCR has left the ratings unchanged in view of the need to assess progress on infrastructure development and the CTRP, but has changed the rating outlook from Stable to Positive. JCR will monitor future developments and reflect the outcome on the ratings,” the debt watcher said in a recent statement.
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