Advertisement

‘A’ credit rating possible in 2 years

Economic managers are optimistic the goal of “A” investment grade rating for the Philippines will be attained in two years, following Fitch Ratings’ upward adjustment of its “BBB” credit rating outlook for the country from “stable” to “positive” on Tuesday.

The upward revision happened less than a week after Japan-based Rating and Investments Information Inc. upgraded the country’s rating from “BBB” to “BBB+”. 

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement the “positive” outlook from Fitch―which signaled that a possible upgrade to “BBB+” could happen in the next 12 to 18 months―was an encouraging development. 

“We deserve a credit rating upgrade from Fitch, and the ‘positive’ outlook should soon lead us there. As part of our Road to ‘A’ agenda, we are more vigorously communicating the economic milestones as well as the governance and institutional strengthening the Philippines achieved in recent years,” Diokno said.

“At the same time, we are meticulously tracking how the economy is progressing in terms of achieving a wide array of metrics that will solidify our position as an ‘A’ rated economy in two years,” Diokno said. 

Topics: investment grade rating , Fitch Ratings , Benjamin Diokno , Bangko Sentral ng Pilipinas
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementGMA-Working Pillars of the House
Advertisement