FITCH MAINTAINS PH INVESTMENT GRADE RATING

0

London-based Fitch Ratings on Tuesday said it has maintained the investment grade rating of the Philippines as the country’s macroeconomic fundamentals remained strong. Fitch affirmed the Philippines’ Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BBB-’ and ‘BBB’ respectively, with the outlook on both ratings stable. The ratings agency forecast that the Philippine real gross domestic product growth in 2014 and 2015 will average 6.5 percent, following a 7.2 percent rise in 2013.

Advertisements
Share.
loading...
Loading...

Please follow our commenting guidelines.

Comments are closed.