Tag: Secretary of Finance
PHL receives investment grade rating from Standard & Poor’s
The Philippines today received investment grade rating from international credit rating agency Standard & Poor’s. In a statement released by the agency, the country’s sovereign long-term foreign currency rating was upgraded from “BB+” to “BBB-“ with stable outlook. This upgrade by S&P comes after the Philippine sovereign received its first investment grade rating from Fitch [...]
IMF Managing Director cites Philippines and other emerging markets’ role to global growth
International Monetary Fund Managing Director Christine Lagarde cited the “critical role” played by the Philippines and other emerging markets in the Asia-Pacific region in driving global growth which she said has helped stabilize the economies of this part of the world. Lagarde, who is on a two-day visit to the Philippines, told reporters in a [...]
