Philippines maintains 'A-' investment-grade rating with stable outlook

Japanese credit watcher Rating and Investment Information, Inc. (R&I) reaffirmed on Wednesday that the Philippines maintains its 'A-' investment-grade rating with a stable outlook.

Finance Secretary Ralph Recto welcomed the affirmation, emphasizing it reflects continued confidence from credit rating agencies and investors in the country, which will attract more foreign direct investments and create good jobs.

The Philippine economy's robust growth rate of 5.4% for the first half of 2025 outperformed its regional peers, with inflation easing to a six-year low of 0.9 percent in July.

R&I noted the country's steady fiscal consolidation progress and improved fiscal balance as a share of GDP, expecting government debt ratios to fall within a year or two.

The stable economic environment is attributed to an agile monetary policy that supports an investment climate conducive to growth.

Philippine economic growth will be driven by infrastructure projects by the government and private sector, as well as expansion by IT-BPM and electronics manufacturing firms.