JCR keeps investment grade rating of PH

A Japanese credit rater said on Tuesday that it is keeping the Philippines’ investment grade rating unchanged at BBB+, which is just a notch away from a rating within the “A” category, as it believes that the economy will keep growing robustly under the Duterte administration.

This rating given by the Japan Credit Rating Agency (JCR) is the highest the country has received. It is above the investment-grade ratings (Baa2) given by Moody’s Investors Service and Standard & Poor’s BBB, and and well above the BBB- grade assigned by Fitch.