Fitch Ratings raised the Philippines’ sovereign rating by one level, from BBB- to BBB, with a stable outlook, amid favorable economic conditions and planned tax reform. The upgrade of the Philippines’ sovereign rating is important as it would bring down the costs of overseas borrowing for Filipino companies. Also, it will bring down the cost […]
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Fitch affirms PH investment grade rating
Global leader Fitch Ratings has affirmed a rating with a positive outlook for the Philippines’ long term foreign and local currency Issuer Default Ratings (IDRs).
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