PH at risk of first credit downgrade since 2005

The Philippines is at risk of its first credit rating downgrade in more than two decades after Fitch Ratings lowered its outlook to “negative,” citing the energy shock from the Middle East war compounded by disruptions in public spending due to the major graft scandal last year. While Fitch affirmed the country’s “BBB” investment-grade rating, the shift in outlook from “stable” signals a higher likelihood that the rating could be downgraded over the next one to two years, potentially derailing the Marcos administration’s push to secure an “A” rating. “The Outlook revision reflects rising risks to the Philippines’ strong medium-term […]... Keep on reading: PH at risk of first credit downgrade since 2005

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