Recto: Fitch's investment-grade credit rating for PHL a 'big win' for ordinary Filipinos

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Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines' investment-grade credit rating by Fitch Ratings over the weekend is a 'big win' for ordinary Filipinos as this would allow accessible financing for the government's development plans.

Finance Secretary Ralph G. Recto said the recent affirmation of the Philippines’ investment-grade credit rating by Fitch Ratings over the weekend is a “big win” for ordinary Filipinos as this would allow accessible financing for the government’s development plans.

“This affirmation is highly encouraging as it shows a strong vote of confidence in our ability to grow the Philippine economy in a higher path over the medium term,” Recto said. Fitch said in its report that it expects the Philippine economy to grow by 5.8 percent in 2024 with a gross domestic product growth of above 6 percent over the medium term, considerably stronger than the ‘BBB’ median of 3 percent.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

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.
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