DOF, BSP cite PH economic resilience as Moody’s keeps rating

INQUIRER PHOTO / GRIG C. MONTEGRANDE

MANILA, Philippines — The Department of Finance (DOF) and Bangko Sentral ng Pilipinas (BSP) welcomed Moody’s Ratings’ decision to affirm the Philippines’ investment-grade “Baa2” rating with a stable outlook, saying the assessment reflects the country’s steady credit standing despite economic headwinds.

In a statement, Finance Secretary Frederick Go said the affirmation shows the resilience of the Philippine economy amid the global energy shock and slowdown in public infrastructure spending.

READ: Moody’s affirms Philippines’ Baa2 rating

Article continues after this advertisement