BBM VOWS to sustain efforts vs poverty

President Marcos vowed to sustain efforts aimed at promoting growth and ending poverty after debt watcher Rating and Investment Information Inc. (R&I) upgraded the Philippines’ credit rating to A-, the country’s highest rating to date.

- ALEXIS ROMERO

The upgrade was due to the country’s macroeconomic stability, high economic growth path and expected improvements in fiscal condition, according to the R&I website.

In a statement posted on Facebook Saturday night, Marcos said the upgrade reflected investors’ strong confidence in the economy.

“This upgrade is also an upgrade of the life of every Filipino,” the President said.

“While this is the first credit rating upgrade of my administration, we will not stop here. We will keep giving our best to make sure that every Filipino benefits from economic growth until we break the cycle of poverty. The fight for a new Philippines continues!” he added.