Fitch affirms PH’s ‘BBB’ credit rating on healthy growth, slowing inflation

MANILA, Philippines - Fitch Ratings maintained the country's credit rating at "BBB" with a "stable" outlook, citing sustainability of the economy's robust growth, while recognizing successful efforts to bring inflation back to target. The rating is a notch above the minimum investment grade, and the stable outlook indicates the absence of factors that can change the score within the short term. It came a few weeks after another international debt watcher, Standard & Poor's, raised the Philippines' credit rating to 'BBB+' --- two notches above investment grade, and the country's most credit-worthy status to date. In a report released May 30, 2019, the Fitch said it expect...

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