Fitch Ratings, a leading global credit rating agency, has reaffirmed the Philippines’ long-term credit rating at “BBB” with a stable outlook, signalling continued investor confidence in the country’s economic management under President Ferdinand R. Marcos Jr.
During a briefing at Malacañan Palace on Friday, Department of Finance (DOF) Assistant Secretary Neil Cabiles highlighted that the rating reflects the country’s solid economic fundamentals and sound fiscal policies, which ultimately benefit ordinary Filipinos.
A “BBB” rating places the Philippines securely within investment-grade territory, indicating low risk of default and a strong capacity to meet financial obligations. Fitch’s latest report, released on April 29, 2025, cited the country’s favorable medium-term growth prospects and the government’s ongoing efforts to reduce the debt-to-GDP ratio.
“Credit ratings serve as vital benchmarks for a country’s creditworthiness. This affirmation not only reflects the Philippines’ fiscal strength but also builds investor trust,” Cabiles explained.
He noted that the retained rating has direct benefits for the public in two key areas. First, it allows the government to secure loans at lower interest rates, reducing the cost of financing for infrastructure and social development projects. This, in turn, leads to more efficient and affordable delivery of essential public services.
Second, the positive rating strengthens investor confidence, making the Philippines a more attractive destination for foreign investments. Increased investment activity is expected to generate more job opportunities and stimulate economic growth.
Cabiles also emphasized that the country’s competitiveness remains strong despite global trade uncertainties. “This rating shows that the Philippines continues to stand out as a stable and resilient investment destination,” he said.
Fitch Ratings is one of the “Big Three” international credit rating agencies, providing independent assessments of the creditworthiness of countries and institutions. Its ratings are widely used by investors, financial institutions, and businesses to evaluate the risks associated with lending and investment.
