Credit-rating firm Standard & Poor’s has affirmed the Philippines’ investment grade credit rating, citing sound macroeconomic fundamentals that are seen to help the economy stay on a path of rising incomes.The rating remains at BBB, which is a notch higher than the minimum score within the investment-grade scale.
Read more at http://www.mb.com.ph/sp-affirms-philippines-investment-grade-rating/#Y1Y1xSVDRimfwgsM.99
Fitch Ratings has affirmed the Philippines’ credit score at investment grade, citing a strong economy and a stable banking industry.
The economic growth in the Philippines would remain robust on the back of resilient domestic demand, the International Monetary Fund (IMF) said.
In IMF’s latest Regional Economic Outlook for Asia and the Pacific (REO), the Philippines is seen recording the fastest gross domestic product (GDP) growth among the Association of Southeast Asian Nations-5 (Asean-5) this year.
Retaining its growth forecast under the April 2016 World Economic Outlook (WEO), the IMF pegged the GDP growth for the Philippines at six percent this year and 6.2 percent next year.
The growth would be faster than Indonesia’s 4.9 percent, Malaysia’s 4.4 percent, Thailand’s three percent, and Singapore’s 1.8 percent.