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Philippine economy to shrink by 4% — Fitch Ratings

THE Philippine economy is now forecast to contract by 4% this year, according to Fitch Ratings, as the fallout from the coronavirus pandemic widens.

Fitch sees ‘continuity’ in midterm poll results

CREDIT-RATING agency Fitch, in a statement on Thursday, said it sees “policy continuity” in the remainder of President Rodrigo R. Duterte’s term, following the midterm elections.

Fitch cuts Philippine growth forecast

FITCH Solutions has downgraded its growth forecast for the Philippines anew, noting that the economy is unlikely to bounce back to a faster pace due to tighter credit conditions and waning investor appetite.

Fitch cites economy’s strength amid risks

CREDIT RATER Fitch Ratings said that the Philippines maintains a generally “favorable growth outlook” even as overheating risks have begun to show.

Fitch: Rate hikes could weigh on growth

THE CENTRAL BANK’s stronger tightening step last week could initially dampen growth, a Fitch Ratings analyst said, although robust domestic demand should continue to support expansion.

S&P, BMI see need for another rate hike

S&P GLOBAL RATINGS and Fitch Group’s BMI Research expect another rate hike from the Bangko Sentral ng Pilipinas (BSP) within the year, citing the need for further tightening to curb faster inflation and ease pressures on the peso.

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following...

Fitch raises PLDT outlook to stable

FITCH RATINGS on Wednesday said it revised the outlook on PLDT, Inc.’s Long-Term Local-Currency Issuer Default Rating (LC IDR) to stable from negative. In a...