Philippines got its highest Credit ratings: near Complete “A”

Since the beginning of 2015, the country had a hard time recuperating it’s GDP to the loops of the worlds borrowing market.  It has neared to climbed its growth before the countries development competing from Indonesia and as of with India one of the 7th times the size of the economy.   

And yet only recently the county just got a complete “A” category posted from the website of JCR said it has upgraded the sovereign credit rating of the Philippines from BBB to BBB+ which is a notch away from the minimum score in the category.   Reportedly this has been a good leap for the scores garnered from history of the economy it has exhibited. 

Although there are markings where the rating would just be near the complete “A” category this has been the reflection of the growing economy of the country being able to compete the highest standard of living and the development of every sectors and agencies inhibiting the corruption.  The good scores of the country ignites the foreign investing sectors to loom the factors for the next year business. 

Categorically, the Philippines is still of the stable economy increasing its annual spending on infrastructure development to at least five percent to further enhance its tax base through rationalization of fiscal incentives and enhanced tax collection efficiency the JCR said.

Furthermore the Aquino Administration remains committed to prudent fiscal management policy to efficient fiscal position.  Truly the yellow ribbon motto of “tuwid na daad”, /straight path which means righteous administration battling corruption is on its way to materialize if this factual status of the country continues to soar its highest level.   This will only means that the momentum of jobs and stability for investors to companies maintaining its business in the country is still seen positive. 

Source: https://bit.ly/1iMe8u2