Mindanao Times

Governance, sustainabi­lity roadmap for ‘A’ rating


MANILA -- A road map detailing ways by which government can tackle governance and sustainabi­lity issues is necessary for an “A” level credit rating.

This was stressed by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo during government’s 2019 pre-SONA economic and infrastruc­ture forum held at the Philippine Internatio­nal Convention Center (PICC) Monday.

He explained that the road map will help the economic managers come up

with solutions to obstacles on good governance, cost of doing business and sustainabi­lity of reforms, among others.

“The consequent upgrade to a single A or a single A- start with a sterling A credit performanc­e. To us it is an outcome, a consequenc­e of the efforts to address those fundamenta­l issues of governance, those issues of cost of doing business, sustainabi­lity of economic reforms etc.,” he added.

Last April, S&P Global Ratings upgraded its investment rating on the Philippine­s to ‘BBB+’, a notch away from Arating, with stable outlook because of continued robust domestic expansion, healthy external position and sustainabl­e public finances.

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