Nomura sees low risk of Philippine credit rating downgrade

Nomura sees low risk of Philippine credit rating downgrade

An outright downgrade of the Philippines’ sovereign credit rating is unlikely unless the war in the Middle East drags on, Nomura said.

Negative Fitch outlook not a downgrade signal – Palace

Fitch Ratings’ revised outlook for the Philippines does not mean that a downgrade is imminent, as the credit rating agency cited the government’s proactive response to external challenges, Malacañang said yesterday.

PHL urged to adjust fiscal stance amid downgrade risk

PHL urged to adjust fiscal stance amid downgrade risk

Philippines Continues To Have Strong Economic Fundamentals

The Philippines continues to have strong economic fundamentals and the country’s fiscal positions remains sound, the Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DOF) said. The BSP and DOF made the statement following Fitch Rating’s decision to affirm the Philippines’ “BBB” investment-grade credit rating. Fitch however revised the outlook from “stable” to “negative.” In a statement late Monday, the BSP said the outlook revisi…