US EditionS&P Cuts Philippines Outlook to ‘Stable’ Amid Rising Risks From Middle East Conflict - BusinessWorld Online
The debt watcher kept the country’s BBB+ rating and said Middle East conflict could weigh on external and fiscal metrics for two years.
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S&P downgrades Philippine outlook to ‘stable’
MANILA, Philippines — The Marcos administration’s bid to secure the Philippines’ first-ever “A” credit rating has weakened after S&P Global Ratings downgraded its sovereign outlook to “stable,” citing the energy shock from the Middle East war. A stable outlook means the Philippines’ “BBB+” investment-grade rating is unlikely to change over the next one to two […]...Keep on reading: S&P downgrades Philippine outlook to ‘stable’
S&P cuts Philippines outlook to ‘stable’ amid rising risks from Middle East conflict - BusinessWorld Online
By Katherine K. Chan, Reporter S&P Global Ratings cut its outlook on the Philippines to “stable” from “positive,” citing the impact of the energy crisis on the country’s external and fiscal positions. Still, the debt watcher affirmed the country’s “BBB+” long-term investment grade rating, which is a notch below National Government’s target “A” level grade. It likewise kept its “A-2” short-term rating for the country. “We revised the rating outl…
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