Benise Balaoing

The Pasig skyline as seen from the Metro Manila Development Authority (MMDA) Command Center  in Pasig City on July 7, 2025.  Jonathan Cellona, ABS-CBN News

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MMDA-NCAP

ABS-CBN News

MANILA — Moody&#x27;s has maintained its Baa2 investment-grade rating for the Philippines.In a statement, the Department of Finance (DOF) said Moody&#x27;s noted the Philippines&#x27; strong access to domestic and international funding markets, stable banking system, and ample foreign currency reserves.  The ratings bureau also noted that the government’s fiscal consolidation efforts remain on track--it sees the government gradually reducing fiscal deficit from an estimated 5.6 percent of GDP in 2025 to 4.3 percent by 2028.Moody&#x27;s also sees the Philippine economy continuing to grow because of strong household consumption, overseas workers’ remittances, accelerated public investment, and ongoing structural reforms.Moody&#x27;s urged the government to sustain reforms that have strengthened the economy, but added that a steady flow of public and private investments could also help growth exceed expectations.Finance Secretary Frederick Go said Moody’s assessment affirms that the Philippines is on the right track.&quot;We will continue to uphold fiscal discipline, accelerate strategic investments, and fast track reforms toward sustainable growth,” he said.

Moody's has maintained its Baa2 investment-grade rating for the Philippines.

Moody's keeps Philippines' Baa2 investment grade rating

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Moody's keeps Philippines' Baa2 investment grade rating

Benise Balaoing,

ABS-CBN News

Published February 17, 2026 12:07 PM PHT

|

Updated February 17, 2026 01:03 PM PHT

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Moodys

Investment Grade

Baa2

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