Executive Secretary Ralph Recto said the Philippines’ “BBB+” investment-grade rating with a positive outlook shows that investors still trust the leadership of President Ferdinand R. Marcos Jr.
S&P Global Ratings kept the country’s long-term “BBB+” and short-term “A-2” credit scores. The agency said the recent slowdown in infrastructure spending is only temporary.
Recto said the rating reflects steady confidence in the administration’s policies. He added that the government aims to keep this trust by making sure each policy supports stable growth and long-term economic health.
S&P noted that the Philippine economy remains strong because of consistent policy direction. The agency also said the flood control issue raised by President Marcos is unlikely to hurt the country’s future growth path.
Maintaining a high credit rating is a key goal for the government. Recto said it allows the country to secure cheaper funding for infrastructure, social services, healthcare, and education. He believes the positive outlook can help attract more foreign investors and open more job opportunities for Filipinos.
Recto also said the government will push reforms to ensure transparent and responsible spending and to hold accountable those involved in recent irregularities.
S&P highlighted the country’s strong domestic demand, easing inflation, and stable remittances as factors supporting above-average growth. Recto pointed to reforms like the CREATE MORE Act, which aim to fix infrastructure gaps and improve the business environment in the next few years.
Since 2022, the Philippines has posted an average growth of 5.7%. S&P expects growth to reach around 6.2% from 2026 to 2028, driven by solid consumption and steady public and private investments.