Fitch: No immediate Duterte impact on rating

Davao City mayor Rodrigo Duterte’s victory is not expected to have an immediate impact on the country’s sovereign rating as the Philippines still continues to reap the harvest of the outgoing Aquino Administration, Fitch Ratings said on Monday.

“The victory of Rodrigo Duterte in the Philippines presidential election has no immediate impact on the country’s sovereign rating or outlook,” Fitch Ratings said.