PH outlook positive, says Fitch
GLOBAL debt watcher Fitch Ratings on Friday kept the Philippines’ minimum investment grade rating of BBB- with a positive outlook due mainly to the country’s strong external finances and declining government debt and deficit levels.
A “positive” outlook indicates the probability of a credit-rating upgrade within the next 12 to 18 months.
“The Philippines has been running current-account surpluses since 2003, with an average of around 3 percent of the [gross domestic product] for the period 2011-2015.
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