{"id":14851,"date":"2014-06-13T14:53:22","date_gmt":"2014-06-13T06:53:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=14851"},"modified":"2014-06-13T14:55:25","modified_gmt":"2014-06-13T06:55:25","slug":"phls-bbb-rating-gets-affirmation","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/13\/phls-bbb-rating-gets-affirmation\/","title":{"rendered":"Phl&#8217;s &#8216;BBB&#8217; rating gets affirmation"},"content":{"rendered":"<figure id=\"attachment_11106\" aria-describedby=\"caption-attachment-11106\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Philippines-Japan.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11106\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Philippines-Japan-300x203.jpg\" alt=\"ShutterStock image\" width=\"300\" height=\"203\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Philippines-Japan-300x203.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Philippines-Japan-600x406.jpg 600w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Philippines-Japan.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-11106\" class=\"wp-caption-text\">ShutterStock image<\/figcaption><\/figure>\n<p>MANILA &#8212; A Japanese agency affirmed the country&#8217;s &#8216;BBB&#8217; rating with a stable outlook, despite noting constraints on the country&#8217;s challenging investment environment.<\/p>\n<p>Despite the affirmation, Japan Credit Rating Agency Ltd. said in a statement published by the Philippine Star that the ratings are particularly constrained by the &#8220;<span style=\"color: #000000;\">inadequate infrastructure albeit improving partially such as roads.\u201d<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cThe country definitely needs to develop infrastructure and improve the investment environment to attain rapid and sustainable economic growth,\u201d JCR said. \u201cJCR will watch how the government will address the challenge and how much progress it will make,\u201d the firm said. \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/p>\n<p>The firm, still expects improvement in the country&#8217;s fiscal position through\u00a0<span style=\"color: #000000;\">\u201cenhanced tax collection efficiency and rationalization of fiscal incentives.\u201d<\/span><\/p>\n<p>It is also looking forward to the country&#8217;s accelerating economic growth to reach\u00a0<span style=\"color: #000000;\">above six percent this year on strong domestic demand.<\/span><\/p>\n<p>The firm\u00a0also added that the ratings is a reflection of the country&#8217;s resilience to several economic factors including &#8220;<span style=\"color: #000000;\">external shocks, robust domestic demand underpinned by OFW (overseas Filipino workers) remittances, and progress on improvement of fiscal soundness.\u201d<\/span><\/p>\n<p><em>With reports from Philippine Star<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; A Japanese agency affirmed the country&#8217;s &#8216;BBB&#8217; rating with a stable outlook, despite noting constraints on the country&#8217;s &hellip;<\/p>\n","protected":false},"author":44,"featured_media":11106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5194,5195],"class_list":["post-14851","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bbb-rating","tag-japanese-agency","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=14851"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11106"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=14851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=14851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=14851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}