The Philippines secures an A- credit rating from Japan Credit Rating Agency (JCR)
Japan Credit Rating Agency (JCR) upgraded the Philippines’ credit rating by a notch from BBB+ to A- , citing the country’s resilience amid a pandemic that has slowed down growth, impaired fiscal positions and hurt credit ratings of economies across the globe.
JCR assigned a “stable” outlook on the new rating, which indicates that the “A-” will be maintained over the near term.