News Formal

JCR affirms PH investment grade status

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

In a report on Friday, Mar. 10, a Japanese credit watcher maintained Manila’s ‘A-’ rating, which indicates lower credit risk and entails better access to the international debt market at favorable interest rates. READ:

Debt-watcher Japan Credit Rating Agency affirmed the Philippines’ investment-grade credit status with a stable outlook amid global uncertainties and a high inflation environment.

Diokno also said the country’s labor and employment conditions continued to improve, with generally steady and low unemployment and underemployment rates since the end of 2022. Furthermore, the Bureau of the Treasury’s latest cash operations report showed that the budget deficit narrowed down to 7.3 percent of GDP from the 8.6 percent in 2021. The latest fiscal outturn is also better than the MTFF target for 2022 at 7.6 percent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IWD 2023: Leaders strive for 'equal opportunities' in the maritime industryIn time for the International Women’s Day (IWD), Filipino leaders expound the life of women seafarers and the challenges that they continue to face.
Source: manilabulletin - 🏆 25. / 51 Read more »