Fitch Ratings has affirmed the Philippines’ investment-grade credit rating at “BBB” with a stable outlook, citing strong medium-term growth prospects, sound fiscal policies, and ongoing structural reforms.
The credit watchdog projects 5.6% GDP growth for 2025, supported by infrastructure spending, resilient remittances, and easing inflation.
It also sees potential for growth above 6% in the medium term, exceeding that of peer economies.
While noting the country’s fiscal and monetary stability, Fitch flagged political uncertainties, low GDP per capita, and governance issues as constraints to future upgrades.
BSP Governor Eli Remolona welcomed the affirmation, stressing the central bank’s commitment to price stability and sustainable growth amid upcoming national elections and political tensions.
Source: PhilNews24 | April 30, 2025
