Macro fundamentals to support Moody’s outlook

The Philippine economy has enough macroeconomic fundamentals that would support the positive outlook of Moody’s Investors Service on the country’s investments grade status, according to the Bangko Sentral ng Pilipinas (BSP).

Credit-rating agency Moody’s recently granted the country an investment grade status with a positive outlook, saying that improvements in the country’s main debt metrics and growth dynamics will lead to further upgrades.