By Katherine K. Chan, Reporter
THE PHILIPPINES is among the countries most vulnerable to climate-related credit risks as extreme weather imperils the country’s economic and fiscal stability, Fitch Ratings said.
“We expect physical climate risks to have an adverse (effect) on the Philippines economy and public finances through various channels,” Edward Parker, Fitch Ratings managing director and global head of research, sovereigns and supranationals, told BusinessWorld in an e-mail.
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