Fitch Ratings has assigned the Philippines' forthcoming US dollar-denominated bonds an expected rating of 'BBB-(EXP)'.
The Philippines intends to use the proceeds from the bond sale to pay the purchase price and accrued interest of its own securities repurchased in an associated debt management operation. Residual proceeds may be used for general budget financing purposes.
KEY RATING DRIVERS
The expected rating is in line with the Philippines' Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB-' with a Positive Outlook.
RATING SENSITIVITIES
The rating would be sensitive to any changes in the Philippines' Long-Term Foreign-Currency IDR.
On 8 April 2016, Fitch affirmed the Philippines' Long-Term Foreign-Currency IDR at 'BBB-' with a Positive Outlook. The Long-Term Local-Currency Rating is also 'BBB-' with a Positive Outlook.


Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Wall Street Analysts Weigh in on Latest NFP Data
US Gas Market Poised for Supercycle: Bernstein Analysts
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Bank of America Posts Strong Q4 2024 Results, Shares Rise
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
China's Refining Industry Faces Major Shakeup Amid Challenges
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



