Philippine credit rating holds steady, but darker outlook flags growing external pressures
The Philippines has maintained its investment-grade footing after Fitch Ratings affirmed its “BBB” credit rating, but a downgrade in outlook to “negative” reflects mounting risks from volatile global energy markets and geopolitical tensions—factors that could test the country’s growth trajectory in the months ahead. The Bangko Sentral ng Pilipinas (BSP) took note of the development,…