Fitch reaffirms PH investment grade

Debt watcher Fitch Ratings reaffirmed the Philippines’ long-term, foreign currency rating at BBB–, citing the country’s strong fundamentals that allowed the economy to outperform peers.

The investment grade rating was assigned a “stable” outlook, which means it is likely to stay the same over the short term, according to a report released by the ratings agency late Tuesday. MAYVELIN U. CARABALLO