FITCH Ratings has affirmed the Philippines' investment grade rating at 'BBB' with a stable outlook after noting the country's robust medium-term growth potential and stable debt level.
Fitch expects the general government debt to remain stable at 54 percent of GDP by 2025, alongside a narrowing current account deficit.The debt watcher also sees the current account deficit decreasing to under 2 percent of GDP, or below $10 billion, by 2025.Fitch likewise acknowledged the central bank's inflation-targeting framework.Bangko Sentral ng Pilipinas Governor Eli Remolona Jr.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fitch affirms Philippines investment gradeFitch Ratings has affirmed the Philippines’ investment grade rating at BBB, a notch above the minimum grade, and maintained its stable outlook, citing the economy’s strong medium-term growth prospects.
Source: PhilstarNews - 🏆 1. / 94 Read more »