Fitch Ratings is assessing the outlook for the Philippine banking sector due to economic pressures, inflation, and shared vulnerabilities to global shocks.
1 report, 1 independent
Updated Jun 11
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Fitch Ratings is assessing the outlook for the Philippine banking sector due to economic pressures, inflation, and shared vulnerabilities to global shocks.
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Emerging markets are grappling with the consequences of external shocks and heavy debt burdens, leading to rating agencies revising criteria to allow temporary pauses on bond repayments.Also in this story
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- The Philippines' debt-to-GDP ratio has exceeded critical thresholds.