Duterte on S&P warning: ‘I don’t care’

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PRESIDENT Rodrigo Duterte on Thursday said he did not care about the country’s credit ratings after international debt watcher Standard & Poor’s (S&P) reported that his bloody war on drugs “somewhat diminished” the predictability of economic policy-making in the Philippines.

“Sabihin nitong mga BB plus, credit. Wala akong pakialam sa inyo [They raise this BB plus, credit rating. I don’t care about you],” Duterte said in speech during the inauguration of a power plant in Misamis Oriential on Thursday.

Duterte issued the statement after the S&P on Wednesday maintained the country’s investment-grade rating of “BBB” with a stable outlook, but cited “diminished predictability and accountability” of the new government.

The S&P said President Duterte’s “strong focus on improving law and order” had resulted in numerous extrajudicial killings “that undermine respect for the rule of law and human rights, through the direct challenges it presents to the legitimacy of the judiciary, media, and other democratic institutions.”

In Malacañang, Presidential Communications Secretary Martin Andanar said they welcomed S&P’s decision as
“it gives government greater resolve to make our economic growth robust, sustainable, and inclusive.”

But he also said the administration’s war on drugs should also increase investor confidence instead of diminishing it, as it was proof of the President’s commitment to make the country safe.

“Peace and order is a must for investors to invest more in the country,” Andanar added.

In affirming its investment-grade rating on the Philippines, S&P said the country’s strong foreign exchange reserves should be able to counter uncertainties surrounding the Duterte government.

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11 Comments

  1. they deserve to be treated that way by the President..,…they won stop issuing statement and news feed which are bias afar from reality of what is happening in the country. they’re don’t care when our people suffered in the hands of the drug lords, corrupt politicians the past and oligarchs.

  2. Sobrang yabang. Kawawang mga Pilipino. Duterte does not care because his family is well secured of their ILLEGAL hundreds of millions of pesos/dollars they collected from illegal smuggling as well as drug by his children.

  3. Is Du30 is showing signs of neurosis… or having paranoid tendencies..? This is worrisome to us Filipinos that are getting the bad rap from abroad due to the Trump style behavior?

  4. Ignacio Balbutin on

    No country is an island, whether we like it or not we belong to community of nations and we need the help of everybody to sustain our economic gains. If the President’s concern is for the well being of the people then he should be friends of the whole world to attract investors and tourists to the country. We have to investor friendly country to give more jobs to the people

  5. Tama lang yan! totoo naman na yang mga ratings na yan ay bayad para tumaas yung grade kuno, wla nman pakinabang nag mga taong bayan dyan. Kayo mismo na nandito sa Pinas ang makakapagsbai kung masligtas ba ngayon o noong panahon ni Pnoy?? ngayon ang takot yung mga gumagawa ng masam dati takot ang mga tao. yang ejk TIGILAN nyo yung pag papalaki ng balita, May napatay na ba na napagbintangan lang na addict o pusher ang mga pulis? Wala dahil totoong mga salot yung napapatay at may mga records sa pulis at brgy. kaya OK lang yan. Yung mga innocente na nadamay, hindi naman police operations yun at deaths under investigation yon! wag kayong maghanap ng resulta o conviction dahil yung maguindanao massacre nga hanggang ngayon wla pang bista, asa pa kayong due process?? gusto nyo kasuhan ng gobyerno yung 3Million na addict at pushers?? di patay na kayo lahat wla pang natatapos na court hearing.

  6. Anong “walang pakialam”? What a STUPID statement coming from the mouth of a president who is responsible for

    the economic growth of the country. We are not an island- we are part of a world community and we are dependent

    in some ways on other countries for our own growth.

    I hope that Duterte uses his head before he opens his big mouth.

    • Sori miss Josie..kailangan mo siguro pag-aralan yun salita ni PRES na walang paki-alam kung saan nya ito pinapatungkol at higit sa lahat hindi lang dapat nakapako ang isip sa literal na kahulugan ng isang salita… Hidi po yun basta na lang tayo mag-comment!

    • yan bang BB rating na yan at yung ipinagmamalaki ng lord mong yellowish na GDP e naging lamang tyan ba yan ng 99.9% ng ating mamamayan for the past 6 years? diba less than 1% lang ng ating poplation ang nakinabang dyan nung panahon nyong mga yellowish!!

  7. The problem with Du30 is his foul mouth! Turning off investors. Focus on economy and welfare of the people. Bakit galit ka sa mundo?

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