Fitch affirms Phl credit rating

Fitch Ratings’ decision to maintain the Philippines’ “BBB” credit rating with a stable outlook reflects global investor confidence in President Ferdinand R. Marcos Jr.’s economic management, according to the Department of Finance (DOF).

In a Palace briefing on Friday, DOF Assistant Secretary Neil Cabiles said that ordinary Filipinos stand to benefit from Fitch’s latest credit review, which reinforces the country’s reputation as a dependable borrower.

Fitch, one of the world’s major credit rating agencies, issued its assessment on April 29, 2025, noting strong medium-term growth prospects for the Philippines and the government’s ability to gradually reduce its debt burden relative to GDP.

Cabiles explained that a “BBB” rating confirms the Philippines’ investment-grade status, which denotes a strong ability to meet financial obligations and a low risk of default.

He said the positive rating benefits the public in two key ways: first, it allows the government to borrow funds at lower interest rates, cutting costs for infrastructure and social services; and second, it boosts foreign investor confidence, helping to attract capital and create job opportunities.

Cabiles also emphasized that the reaffirmed credit standing signals the country’s resilience and competitiveness in the face of global economic uncertainties and trade tensions.

Fitch Ratings issues opinions on the creditworthiness of countries, companies, and investment products, which guide decisions made by investors, lenders, and financial institutions worldwide.