Global debt watchers Moody’s Ratings and Fitch Ratings have “verbally” affirmed their investment-grade credit outlook for the Philippines, even as the country has been flooded with cases tied to alleged corruption in public infrastructure funds.
Department of Budget and Management (DBM) Undersecretary and Principal Economist Joselito R. Basilio told reporters on the sidelines of the DBM’s 2025 Fiscal Policy Conference that both credit rating agencies sounded more optimistic than the
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