Tag: BBB+

PHL maintains BBB+ credit rating amid COVID-19 crisis

  (Eagle News) – The Philippine government has maintained its BBB+ credit rating despite the COVID-19 crisis. President Rodrigo Duterte himself announced the good news in his latest address to the nation, as he noted how the country maintained its good economic image amid the crisis and despite the recession of other economies. The 75-year old Philippine leader credited this to the early lockdown that the Philippine government had imposed. “I am happy to report […]

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Palace: Duterte, economic managers to thank for PHL’s BBB+ credit rating from Standard & Poor’s, country’s highest in history so far

(Eagle News) — The Palace on Thursday, May 2, attributed the country’s higher credit rating to the economic reforms launched during the term of President Rodrigo Duterte. In a statement, Presidential Spokesperson Salvador Panelo said the “tax reform, liberalization of the rice sector, strengthening of the Bangko Sentral ng Pilipinas charter, ease of doing business (law), relaxing (of) the foreign investment negative list and modernizing infrastructure,” among others, were behind the Philippines’ BBB+ credit rating, […]

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