Philippines targets "A" Moody's credit rating by 2028 through Agenda for Prosperity and reforms.

The Philippines aims to achieve an "A" credit rating from Moody's by 2028, according to the Department of Budget and Management (DBM). The country currently holds a "Baa2" rating, signifying moderate credit risk. An "A" rating would indicate low credit risk and is expected to be attainable through the Agenda for Prosperity and continued reforms, including a better environment for private sector collaboration, fiscal consolidation efforts, and improved macroeconomic fundamentals.

August 25, 2024
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