Japan Credit Rating Agency (JCR) maintains Philippines' credit rating at 'A-' with a stable outlook.
Japan Credit Rating Agency (JCR) has maintained the Philippines' credit rating at 'A-' with a stable outlook, citing high and sustained economic growth, solid domestic demand, low-level external debt, resilience to external shocks, and a solid fiscal base. JCR expects the country's GDP to grow by 6% in 2023. The credit rating agency also noted the need for lower income disparity through rural and infrastructure development.
March 06, 2024
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