JCR affirms ‘A’ credit rating for PH

Japan Credit Rating Agency, Ltd.

(JCR) has cited the continued improvement of the Philippines’ macroeconomic fundamentals amidst the challenging global environment as the primary factor in affirming its A-level credit rating on the country.

Citing a report released by JCR on March 10, the Department of Finance (DOF) said the credit rater also affirmed the ‘Stable’ outlook on the country’s credit rating despite the risks posed by elevated inflation rate and global economic uncertainties.

assumption of the Development Budget Coordination Committee (DBCC),” it said in a statement on Friday.

The DOF said the credit rater also cited the resiliency of the domestic banking system since it is “healthy on stronger payment capacity and improving employment situation.” sonnel Robelyn Pulido equipped the participants with a step-bystep guide on how to make the detergent powder, what are the role of ingredients, and how to properly measure, mix, and store the detergent. The participants are also taught how to customize their detergent powder with different

FDOST, A3

An A-level investment grade rating with stable outlook is a manifestation of a country that has lower credit risk and provides it better access to low-interest credit from the international market.

“The affirmation confirms the country’s strong macroeconomic fundamentals, as evidenced by the strong growth performance in 2022 at 7.6 percent that exceeded the 6.5-7.5 percent growth

It added the latest credit rating action on the country backs the positive development on the domestic labor and employment environment, which improved further last January when the unemployment rate slipped to 4.8 percent.

The national government’s outstanding debt in 2022 is lower than the target of 61.8 percent of the output of the economy when it only reached 60.9 percent of gross domestic product (GDP). The government’s budget gap last year slid to 7.3 percent of GDP from year-ago’s 8.6 percent.

Finance Secretary Benjamin