Fitch Revises Philippines’ Outlook to Positive; Affirms at ‘BBB’

Fitch Ratings has revised the Philippines’ Outlook to Positive from Stable and affirmed its Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’. In its statement dated 11 February 2020, the credit rating agency noted the Philippines’ “continued adherence to a sound macroeconomic policy framework that will support high growth rates with moderate inflation, progress on …

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