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.


Energy Sector Outlook 2025: AI's Role and Market Dynamics
Urban studies: Doing research when every city is different
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
US Gas Market Poised for Supercycle: Bernstein Analysts
European Stocks Rally on Chinese Growth and Mining Merger Speculation
China's Refining Industry Faces Major Shakeup Amid Challenges
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 



