Fitch says the Philippines' ratings are anchored by a resilient economy, supported by a steady inflow of OFW remittances and a credible monetary policy framework.
But Fitch says low income and poor governance are the country's weaknesses.
Fitch lifted the Philippines' rating to investment grade status in March 2013 and maintained it early this year.
An investment grade rating makes it cheaper for the Philippines to borrow money abroad. - ANC
source: www.abs-cbnnews.com
