MANILA, Philippines --- The Philippines earned an upgrade to 'BBB+' --- its highest credit rating in history --- from global debt watcher Standard & Poor's (S&P), which cited the country's strong growth trajectory, healthy external position, and sustainable public finances. Now standing two notches above the coveted investment grade rating, this development will likely translate to lower borrowing costs from the international market for both the government and private corporations. This, in turn, translates to cheaper financing options for the domestic market that could help boost the economy further. "We raised the rating to reflect the Philippines'...
Keep on reading: PH scores another ratings upgrade from S&P
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