Fitch revises PH outlook from 'stable' to 'positive' | Inquirer Business
Close  

Fitch revises PH outlook from ‘stable’ to ‘positive’

/ 05:16 PM September 24, 2015

International debt watcher Fitch Ratings revised its credit outlook for the Philippines to “positive” from “stable,” signaling its intention to grant an upgrade within the next 12 to 18 months.

Sovereign credit ratings, which are indications on the government’s ability to repay obligations, are used by investors as proxies for the strength and stability of the local economy.

ADVERTISEMENT

Fitch’s move was in recognition of improved governance standards under the Aquino administration, which has led to stronger growth, and improvements in the government’s finances and the domestic business climate.

Fitch said it would withhold a credit rating upgrade if it sees a “deterioration in governance standards or a reversal in reforms that were implemented under the Aquino administration.”

FEATURED STORIES

The rating firm currently rates the Philippines at its minimum investment grade, while Moody’s Investor Service and Standard & Poor’s have similar credit scores for the country at two notches above “junk.”

The business headlines in under one minute


Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, credit ratings, fitch ratings
For feedback, complaints, or inquiries, contact us.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.