BusinessWorld E-paper
October 28, 2022
FITCH RATINGS affirmed the Philippines’ investment grade rating and kept the “negative” outlook, amid concerns over the impact of rising interest rates, soaring inflation and
slowing global demand on the economy’s recovery.
Fitch on Thursday said it maintained the Philippines’ long-term foreign currency issuer default rating at “BBB,” as this “balances strong growth, external finances and a
credible economic policy framework against lagging structural indicators…
relative to peers.”
