“The IAC aims to enhance engagements with analysts and investors; coordinate engagements with credit rating agencies and third-party raters; and increase the Philippines’ visibility through traditional and technology-based platforms,” Diokno said.
He said that an A rating would affirm the Philippines’ creditworthiness and would serve as a strong signal to local and international business and financial communities that the country is conducive to long-term investments. Fitch’s rates the Philippines at BBB, between minimum investment grade of “BB” and minimum A-level of “A” rating.
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