Moody’s affirms PHL credit rating

MOODY’S INVESTORS SERVICE on Thursday(Sep 15,2022) kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.”

In a statement on Thursday, the credit rater affirmed the country’s long-term local and foreign currency issuer and senior unsecured ratings at “Baa2.”   

Moody’s has kept its “Baa2” rating for the Philippines since December 2014.

Meanwhile, the “stable” outlook suggests the rating is likely to be maintained in the next six months to two years. 

Source: Business World

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