AFP FILE PHOTO
International credit watcher Fitch Ratings on Wednesday affirmed the Philippines’ creditworthiness at two notches above the minimum investment grade, saying the country continues to enjoy a favorable economic outlook and low government debt levels.
At the same time, the firm said the country’s net external creditor position and policies geared toward maintaining macrostability are being held back by “lower income per capita and weaker governance and business environment indicators” compared with its peers.
After its regular review of the Philippine economy, Fitch maintained the country’s credit outlook at ‘stable’.

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