In December 2017, credit rating agency Fitch Ratings upgraded the Philippines' longterm foreigncurrency issuer default rating (IDR) to BBB, from last March's BBB, rating upgrade philippines Standard& Poors (S& P) on Thursday announced a fresh rating upgrade for the Philippines longterm peso and dollar bonds. ADVERTISEMENT.
Issuer Ratings. Ratings on over 170, 000 corporate, government and structured finance securities. Events Calendar. Information about training seminars, briefings, and teleconferences. Moody's affirms Philippines' Baa2 rating, maintains stable outlook. Moody's Investors Service 30 May 2018 rating upgrade philippines
Ratings firm Fitch upgraded Philippines LongTerm ForeignCurrency Issuer Default Rating to 'BBB' from 'BBB' on Monday, citing continued strong macroeconomic performance and sound policies Metro Manila (CNN Philippines, April 27) International credit rating agency Standard& Poor's Global Ratings (S& P) upgraded the Philippines' credit outlook to 'positive, ' while affirming the country's current credit rating The Philippines has secured a credit rating upgrade from a Malaysian debt watcher, which applauded the country's fast economic growth, increasing foreign investments and economic reforms. rating upgrade philippines Fitch upgrades Philippines' credit rating. Fitch also said that the country maintained fiscal policies geared toward a sustained decline in the gross general government debt (GGGD) ratio, with GGGD projected by Fitch to decline to around 34 of GDP at end S& P raises credit rating outlook on Philippines. The debt watcher upticked the countrys credit rating outlook to positive from stable, signaling an upgrade in the current rating of BBB With the upgrade, Fitchs rating on the Philippines, kept the same for four years, is now at the same level as those of Moodys Investors Service and Standard& Poors at one notch above Sep 23, 2017 Simply speaking, a credit rating upgrade translates to a lower cost of borrowing for the Philippines. The country can now borrow funds from creditors at lower interest rates leading to lower interest payments that would generate more savings for the government and, ultimately, more cash that can be used for government spending.