BusinessWorld E-paper
March 9, 2026
THE PHILIPPINES faces credit risks as the widening conflict in the Middle East, especially if pro-longed, could strain the country’s oil imports, overseas Filipinos’ remittances, and the peso, Fitch Ratings said.
In a commentary posted on Saturday, the debt watcher said emerging markets including the Philippines could see a “substantial impact” on their credit rating if the Strait of Hormuz remains closed for over a month.
