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