By Justine Irish D. Tabile, Senior Reporter
THE PHILIPPINES might miss its target of achieving an “A”-level credit rating within the next two years as another debt watcher cut its outlook for the country, with the Middle East war and slowing public investments putting the country’s growth prospects at risk.
On Monday, Fitch Ratings affirmed the Philippines’ long-term foreign-currency issuer default rating at “BBB” but downgraded its outlook to “negative” from “stable.”
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
