Makati central business district | INQUIRER File Photo
MANILA, Philippines — Japan-based credit watcher Rating and Investment Information Inc. (R&I) has affirmed the Philippines’ investment-grade rating of “A-” with a stable outlook, citing the country’s robust economic base and expectations that growth will recover to around 5 percent from 2027 as budget execution normalizes.
“R&I views the disruption stemming from the series of corruption issues as temporary and believes that the thorough implementation of preventive measures will lead to improved governance through greater transparency in budget execution and infrastructure projects,” the agency said in its latest rating action on Friday.
READ: Japanese debt watcher R&I keeps PH investment grade credit rating
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