Diokno: PH returns to path of securing ‘A’ credit rating

Diokno expressed confidence the sovereign credit rating would reach the ‘A’ level by the end of the term of President Ferdinand Marcos Jr. despite the challenging global environment.

“In turn, this will increase investments due to higher investor’s confidence and will eventually help in achieving the country in its long-term economic plans,” Diokno said. The Philippines has a “BBB+” sovereign credit rating from S&P Global. This is one notch below the minimum ‘A’ rating target of the government.

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DOF: ‘A’ credit rating would lower borrowing costs, boost investmentA sovereign credit rating upgrade to ‘A’ would lower borrowing costs for the Philippines and increase investor confidence, as it would indicate that the risk of default is low and the repayment capacity is strong, Finance Secretary Benjamin Diokno said.
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