Former Albay 2nd District Rep. Joey Salceda praised President Marcos’ handling of the flood control projects corruption scandal, saying it could lead to a credit rating upgrade for the Philippines.
He noted that cutting and blocking anomalous allocations reduced the deficit and created fiscal space for priority government investments.
Salceda explained that the improved fiscal position lowers borrowing costs and allows more spending on growth drivers, including education, health, and industry competitiveness.
The Philippines currently holds a “BBB+” investment-grade rating with a positive outlook from S&P Global Ratings, signaling that an upgrade is possible if fiscal improvements continue.
He called the administration’s actions a key factor in strengthening the country’s economic and investment position.
Source: PhilNews24 | February 23, 2026
SALCEDA LAUDS MARCOS’ HANDLING OF FLOOD CONTROL ISSUES, SEES IMMINENT CREDIT UPGRADE
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