By Katherine K. Chan, Reporter
S&P Global Ratings cut its outlook on the Philippines to “stable” from “positive,” citing the impact of the energy crisis on the country’s external and fiscal positions.
Still, the debt watcher affirmed the country’s “BBB+” long-term investment grade rating, which is a notch below National Government’s target “A” level grade. It likewise kept its “A-2” short-term rating for the country.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
