FITCH Ratings has affirmed the Philippines' investment grade rating at 'BBB' with a stable outlook after noting the country's robust medium-term growth potential and stable debt level.
Fitch expects the general government debt to remain stable at 54 percent of GDP by 2025, alongside a narrowing current account deficit.The debt watcher also sees the current account deficit decreasing to under 2 percent of GDP, or below $10 billion, by 2025.Fitch likewise acknowledged the central bank's inflation-targeting framework.Bangko Sentral ng Pilipinas Governor Eli Remolona Jr.
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