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MANILA, Philippines, Jan. 12, 2021 /PRNewswire/ International debt watcher Fitch Ratings has kept the Philippines investment grade credit rating of BBB with a stable outlook, citing the manageable fiscal situation despite the COVID-19 crisis and favorable growth prospects amid a declining number of daily confirmed COVID-19 cases, according to Bangko Sentral ng Pilipinas (BSP). BBB is one step above the minimum investment grade, while a stable outlook indicates absence of factors that could trigger adjustment in the rating within the short term.
By keeping its credit rating, the Philippines continues to stand out in the international financial community amid a wave of negative credit rating actions, which resulted from adverse impacts of the pandemic on the performance and credit profiles of many economies.
MANILA, Jan. 13 — International debt watcher Fitch Ratings has kept the Philippines’ investment grade credit rating of “BBB” with a “stable” outlook, citing the manageable fiscal situation despite the COVID-19 crisis and favorable growth prospects amid a declining.
MANILA, Jan 10 — Philippine trade performance in November 2020 showed encouraging signs that the country is well-positioned to take advantage of improvements in external demand and that the government’s efforts to reinvigorate businesses is gaining traction, the National Economic and.
Published December 31, 2020, 11:52 AM
‘Your government is constantly finding that magic balance of easing quarantine restrictions on one hand, and opening economic activities on the other. Armed with our peoples’ discipline and vigilance, we should be able to revive enough business activities in order to stimulate income and employment’ Senate President Vicente Sotto.
On July 28, the Senate also approved the “Bayanihan to Recover as One” or Bayanihan 2, which provided P165.5 billion to sustain the country’s COVID-19 response and stimulate economic recovery.
Senators also cited as a top accomplishment their timely passage of the P4.5-trillion 2021 General Appropriations Bill.
The Senate approved the proposed ‘Doktor Para sa Bayan’ Act which provides for a scholarship and return service program for qualified aspiring doctors.