Fitch: PH ‘stable’ but lags in key indicators

Debt watcher Fitch Ratings on Friday affirmed the Philippines’ “BBB” investment grade rating with a stable outlook, even as it noted that the country’s structural indicators continue to lag behind its peers.

“The ratings balance the Philippines’ prospects of strong sustainable growth and high levels of foreign-exchange reserves against relatively low per-capita income, governance indicators, and government revenue,” Fitch said in a statement.