S&P Optimistic on Phl Credit Rating Upgrade

S&P Global Ratings is optimistic on the Philippines' credit rating upgrade despite the impacts of the reciprocal tariffs imposed by the United States, as the country remains among the least affected in the region.

- By LOUISE MAUREEN SIMEON

In a webinar yesterday, the New York-based rating agency maintained that it continued to have a positive outlook on the Philippines even after US President Donald Trump imposed reciprocal tariffs during its Liberation Day last month.

S&P Sovereign and International Public Finance Ratings for Asia director Rain Yin said that the Philippines is going to be less affected than other countries in the region considering that it has one of the lower initial reciprocal tariffs of 17 percent.

The country also does not have very large bilateral trade supplies with the US, as a substantial portion of its exports is in services.