Business

Post-pandemic goal: Diokno to aim for PH’s first ‘A’ credit rating

The pandemic may be far from over but Bangko Sentral ng Pilipinas Governor Ben Diokno said the government is still bent on securing the much-coveted ‘A’ rating from foreign rating agencies.

“We really want an upgrade to A,” Diokno told international finance magazine Asiamoney.

“We entered into this pandemic from a position of strength. We are confident that after this crisis we will bounce back,” he said.

Diokno said the government’s focus right now is to lift the local economy through the pandemic.

The country’s credit rating is currently BBB+ with Stable Outlook from S&P Global Ratings, BBB with Stable outlook from Fitch Ratings, and Baa2 with Stable outlook from Moody’s Investor Service.

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