Fitch Affirmed Philippines at 'BBB'; Outlook Stable
January 11, 2021
Fitch Affirmed Philippines at 'BBB'; Outlook Stable.
Reasons: The affirmation of the Philippines' 'BBB' rating and Stable Outlook balances modest government debt levels relative to peers, robust external buffers and still-strong medium-term growth prospects, notwithstanding the deep pandemic-induced economic contraction, against relatively low per capita income levels and indicators of governance and human development compared to peers.
Source: Fitch Ratings
Company — Philippines
Full nameRepublic of the Philippines