The central bank expressed confidence that other credit rating agencies would recognize the Philippines’ sound macroeconomic fundamentals and further upgrade its investment rating after last week’s rating action by Standard & Poor’s Ratings Services (S&P).

S&P on May 8 raised the country’s long-term sovereign credit rating to BBB from BBB- with a stable outlook. The latest upgrade follows S&P’s rating action in May 2013, when it assigned the Philippines an investment grade rating.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details