The Philippine government is eyeing to upgrade the country’s sovereign credit rating to “A,” meaning the risk of default is low and the repayment capacity is strong, by 2028, the last year of President Ferdinand 'Bongbong' Marcos Jr.'s term.
“Our goal is still to get an ‘A’ rating” before the end of President Bongbong Marcos's term in 2028, Sec. Benjamin Diokno said. DOF/ File photo
In particular, the Finance chief said the government is targeting to secure an A-level credit rating from at least one of the three major debt watchdogs: Fitch Ratings, Standard & Poor’s, and Moody’s. On the other hand, Moody’s assigned a “Baa2” rating for the Philippines, indicating moderate credit risk.
Likewise, she said the average maturity of the Philippines’ debt portfolio is about 7.6 years, “so it's very manageable in terms of our repayment capacity.”
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