Recto eyes keeping PH’s ‘A-‘ credit rating until 2028

The Department of Finance (DOF) aims to get an “A-” rating from all credit rating agencies by the end of President Ferdinand Marcos Jr.’s term.

The government’s medium-term fiscal framework plays a major role in achieving the goal, according to DOF Secretary Ralph Recto.

“Mayroon tayong medium-term fiscal framework plan at nakikita nila credible iyong plano natin,” Recto said in a Palace briefing.

The government, he added, is sticking to its plan to reduce deficit by 3.8 percent by 2028.

Credit rating agencies are considering the plan as credible. The same plan allowed the country to receive upgraded rating from Japan’s Rating and Investment Information, Inc. (R&I).

Last August, R&I upgraded its rating on the Philippines to “A-“ with stable outlook from last year’s “BBB+” with positive outlook.IMT