MANILA, Philippines— In a report launched on March 10, 2023, Japan’s main credit score watcher, Japan Credit Rating Agency (JCR) affirmed the Philippines’ investment-grade credit standing of A- with a secure outlook amid international uncertainties and a excessive inflation.
The affirmation confirms the nation’s robust macroeconomic fundamentals, as evidenced by the robust development efficiency in 2022 at 7.6%, which exceeded the 6.5% to 7.5% development assumption of the Development Budget Coordination Committee (DBCC).
The Philippines’ labor and employment circumstances additionally proceed to enhance, with typically regular and low unemployment and underemployment charges because the finish of 2022.
A credit score ra…
Keep on studying: Japan Credit Rating Agency affirms A- with secure outlook of PH