Japan debt watcher to upgrade PH outlook on “Build,” tax reform programs

        MANILA, Philippines--The ambitious infrastructure program coupled with comprehensive tax reform being pursued by the Duterte administration have allowed debt watcher Japan Credit Rating Agency (JCR) to upgrade its credit outlook for the Philippines, increasing the likelihood for a rating upgrade in the near future. In an April 19 report, JCR kept its BBB+ credit rating on the Philippines, but raised the outlook to "positive" from "stable" previously. A positive outlook meant that the credit rating may be upgraded during the near term; in the case of the Philippines, JCR may upgrade it to a higher single A credit rating. "A single A credit ...

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from INQUIRER.net http://bit.ly/2ZKtJBg