Fitch Ratings affirms PHL ‘BBB’ rating

By Luisa Maria Jacinta C. Jocson, Senior Reporter

FITCH RATINGS affirmed the Philippines’ investment grade rating and kept its “stable” outlook amid the country’s strong growth prospects and minimal exposure to trade tensions.

In a rating action commentary on Tuesday, the credit rater said it affirmed the Philippines’ long-term foreign currency issuer default rating at “BBB,” which indicates low default risk and reflects the economy’s adequate capacity to pay debt.