Strong credit ratings can help PH negotiate for vaccines: solon radyonatin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from radyonatin.com Daily Mail and Mail on Sunday newspapers.
Published January 14, 2021, 11:57 PM
The “closest and most productive” ties between Congress and the Executive became fruitful, and delivered enduring credit ratings which strengthen the country’s negotiating position in the procurement of COVID-19 vaccines, according to House Ways and Means Chair Albay 2nd District Rep. Joey Sarte Salceda.
Rep. Joey Salceda (Cong. Joey Salceda’s office / FILE PHOTO / MANILA BULLETIN)
The Lower Chamber’s chief tax policymaker made the observation after Fitch Ratings affirmed the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’, with credit outlook at ‘stable.’
“Our strong credit ratings are the product of the closest and most productive partnership between the House tax committee and the executive’s fiscal policymakers since 1986,” Salceda said in statement.