- Tensions in the region are affecting market sentiment, with activity being reported from the capital city of the Philippines.
- Following the Middle East crisis, international agencies are assessing country ratings, introducing economic uncertainties for the Philippines.
JCR retained the Philippines' A- credit rating following economic pressures from the Middle East.
1 report, 1 independent
Updated Aug 28
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
JCR retained the Philippines' A- credit rating following economic pressures from the Middle East.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Philippines
archipelagic country in Southeast Asia
-
Japan Credit Rating Agency
Japanese financial services company
Nothing else this week.
-
Bangko Sentral ng Pilipinas
central bank of the Philippines
Related events
- A crisis in the Middle East caused a significant increase in global oil prices.
- The Bangko Sentral ng Pilipinas delivered a 50-basis-point interest rate hike amid elevated global oil prices.
- IMF released WEO update showing Philippines' S/GDP ratio was smallest in East Asia, alongside a BSP survey.
- Middle East tensions are driving up global oil prices and inflation, prompting the BSP to manage the peso's foreign exchange market.
- The Middle East conflict has led to oil shocks, while a commission is concurrently investigating systemic corruption issues in the Philippines.