Fitch Ratings affirms Philippines at 'BBB'; outlook stable
Fitch Ratings has affirmed the Philippines' long-term foreign-currency issuer default rating at 'BBB' with a stable outlook, expecting the economy to expand by 5.6 per cent this year. The expansion will be fuelled by traditional growth drivers like large public investment in infrastructure, services exports and remittance-funded private consumption. Political uncertainty could affect investment.
Fitch Ratings has affirmed the Philippines' long-term foreign-currency issuer default rating at 'BBB' with a stable outlook, expecting the economy to expand by 5.6 per cent this year.
The expansion will be fuelled by traditional growth drivers like large public investment in infrastructure, services exports and remittance-funded private consumption.
Political uncertainty could affect investment.
