Tag: Philippines credit rating

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, […]