PH Bags Landmark Fitch Credit Rating Upgrade
SourceFit
JUNE 12, 2013
The Philippines received a credit rating upgrade to investment grade from global rating agency Fitch Ratings; a first in the country’s history. An investment grade rating from global debt watcher Finch Ratings is a vote of confidence for global investors to pour in capital in the country. . In a statement posted on the Fitch Ratings official site, the rating agency said that the “Philippine economy has been resilient, expanding 6.6% in 2012 amid a weak global economic backdrop.”
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