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                    [ArticleID] => 2522847
                    [Title] => ‘Philippines credit downgrade unlikely’
                    [Summary] => 
A credit rating downgrade for the Philippines remains unlikely in the near term despite Fitch Ratings’ decision to revise its outlook to negative, with analysts saying the move is more of a warning than a signal of imminent action.

                    [DatePublished] => 2026-04-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/04/22/52026-04-2022-33-51_2026-04-22_19-51-57423_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2515470
                    [Title] => Fitch: Philippines A-rating bid at risk from oil shock, growth slowdown
                    [Summary] => 
The Philippines’ path toward an “A” credit rating may face renewed headwinds as external shocks and lingering domestic issues weigh on growth, according to Fitch Ratings.

                    [DatePublished] => 2026-03-20 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/19/itch_2026-03-19_20-55-12885_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2460443
                    [Title] => Philippines seen to grow over 5% this year
                    [Summary] => 
The Philippine economy is expected to post above five percent growth this year even under a worst-case US tariff scenario, according to research and analysis firm BMI.

                    [DatePublished] => 2025-07-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1473425
                    [AuthorName] => Louella Desiderio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/07/24/a_2025-07-24_19-36-36460_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2428142
                    [Title] => Fitch upgrades Landbank’s viability rating
                    [Summary] => 
State-run Land Bank of the Philippines secured an upgraded viability rating from debt watcher Fitch Ratings, boosting the financial institution’s profitability outlook.

                    [DatePublished] => 2025-03-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/13/fitch_2025-03-13_18-53-4540_thumbnail.jpg
                )

            [4] => Array
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                    [ArticleID] => 2408303
                    [Title] => Low GDP per capita, political volatility weigh on Philippines ratings - Fitch
                    [Summary] => The Philippines’ sovereign rating remains constrained by structural weaknesses, including low gross domestic product (GDP) per head and governance standards that lag behind peers, Fitch Ratings said.
                    [DatePublished] => 2024-12-19 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/18/fitch_2024-12-18_19-54-56_thumbnail.jpg
                )

            [5] => Array
                (
                    [ArticleID] => 2330217
                    [Title] => Tourist arrivals seen to breach pre-COVID-19 levels
                    [Summary] => The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions.
                    [DatePublished] => 2024-02-02 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807832
                    [AuthorName] => Lousie Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/02/01/world-dream-cruise-passengers2020-01-2918-12-472020-03-0616-38-20_2024-02-01_19-29-55540_thumbnail.jpg
                )

            [6] => Array
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                    [ArticleID] => 2313455
                    [Title] => Margin of Philippines banks may drop next year
                    [Summary] => The margins of Philippine banks may decline next year as the Bangko Sentral ng Pilipinas (BSP) is expected to cut interest rates on easing inflation, according to Fitch Ratings.
                    [DatePublished] => 2023-11-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/11/22/fitch-12022-08-2519-31-572022-10-0819-00-10_2023-11-22_20-32-56497_thumbnail.jpg
                )

            [7] => Array
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                    [ArticleID] => 2236430
                    [Title] => Remittances seen growing 5% this year
                    [Summary] => Remittances from overseas Filipino workers  may expand by five percent this year, higher than the projected 3.5-percent growth last year, helping trim the country’s widening current account deficit, according to Fitch Solutions.
                    [DatePublished] => 2023-01-10 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/01/09/remit2021-01-1419-21-292022-06-1519-27-102022-12-0123-58-25_2023-01-09_22-00-15240_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2219736
                    [Title] => Fitch affirms Philippines investment grade
                    [Summary] => Fitch Ratings has affirmed the credit rating of the Philippines at BBB, a notch above minimum investment grade, as it expects the country’s output to exceed pre-pandemic levels in the second half of the year. 
                    [DatePublished] => 2022-10-28 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/10/27/fitch2021-04-2718-43-46_2022-10-27_19-24-29232_thumbnail.jpg
                )

            [9] => Array
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                    [ArticleID] => 2200797
                    [Title] => Fitch unit lauds Southeast Asia payments interoperability
                    [Summary] => A full payments interoperability in Southeast Asia by as early as November will allow easier transactions for travelers within the region, according to Fitch Solutions Risk and Industry Research.
                    [DatePublished] => 2022-08-07 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/08/06/fitch_2022-08-06_19-24-33415_thumbnail.jpg
                )

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)

Fitch

Array
(
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                    [ArticleID] => 2522847
                    [Title] => ‘Philippines credit downgrade unlikely’
                    [Summary] => 
A credit rating downgrade for the Philippines remains unlikely in the near term despite Fitch Ratings’ decision to revise its outlook to negative, with analysts saying the move is more of a warning than a signal of imminent action.

                    [DatePublished] => 2026-04-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/04/22/52026-04-2022-33-51_2026-04-22_19-51-57423_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2515470
                    [Title] => Fitch: Philippines A-rating bid at risk from oil shock, growth slowdown
                    [Summary] => 
The Philippines’ path toward an “A” credit rating may face renewed headwinds as external shocks and lingering domestic issues weigh on growth, according to Fitch Ratings.

                    [DatePublished] => 2026-03-20 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/19/itch_2026-03-19_20-55-12885_thumbnail.jpg
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            [2] => Array
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                    [ArticleID] => 2460443
                    [Title] => Philippines seen to grow over 5% this year
                    [Summary] => 
The Philippine economy is expected to post above five percent growth this year even under a worst-case US tariff scenario, according to research and analysis firm BMI.

                    [DatePublished] => 2025-07-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1473425
                    [AuthorName] => Louella Desiderio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/07/24/a_2025-07-24_19-36-36460_thumbnail.jpg
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            [3] => Array
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                    [ArticleID] => 2428142
                    [Title] => Fitch upgrades Landbank’s viability rating
                    [Summary] => 
State-run Land Bank of the Philippines secured an upgraded viability rating from debt watcher Fitch Ratings, boosting the financial institution’s profitability outlook.

                    [DatePublished] => 2025-03-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/13/fitch_2025-03-13_18-53-4540_thumbnail.jpg
                )

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                    [ArticleID] => 2408303
                    [Title] => Low GDP per capita, political volatility weigh on Philippines ratings - Fitch
                    [Summary] => The Philippines’ sovereign rating remains constrained by structural weaknesses, including low gross domestic product (GDP) per head and governance standards that lag behind peers, Fitch Ratings said.
                    [DatePublished] => 2024-12-19 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/18/fitch_2024-12-18_19-54-56_thumbnail.jpg
                )

            [5] => Array
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                    [ArticleID] => 2330217
                    [Title] => Tourist arrivals seen to breach pre-COVID-19 levels
                    [Summary] => The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions.
                    [DatePublished] => 2024-02-02 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807832
                    [AuthorName] => Lousie Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/02/01/world-dream-cruise-passengers2020-01-2918-12-472020-03-0616-38-20_2024-02-01_19-29-55540_thumbnail.jpg
                )

            [6] => Array
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                    [ArticleID] => 2313455
                    [Title] => Margin of Philippines banks may drop next year
                    [Summary] => The margins of Philippine banks may decline next year as the Bangko Sentral ng Pilipinas (BSP) is expected to cut interest rates on easing inflation, according to Fitch Ratings.
                    [DatePublished] => 2023-11-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/11/22/fitch-12022-08-2519-31-572022-10-0819-00-10_2023-11-22_20-32-56497_thumbnail.jpg
                )

            [7] => Array
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                    [ArticleID] => 2236430
                    [Title] => Remittances seen growing 5% this year
                    [Summary] => Remittances from overseas Filipino workers  may expand by five percent this year, higher than the projected 3.5-percent growth last year, helping trim the country’s widening current account deficit, according to Fitch Solutions.
                    [DatePublished] => 2023-01-10 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/01/09/remit2021-01-1419-21-292022-06-1519-27-102022-12-0123-58-25_2023-01-09_22-00-15240_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2219736
                    [Title] => Fitch affirms Philippines investment grade
                    [Summary] => Fitch Ratings has affirmed the credit rating of the Philippines at BBB, a notch above minimum investment grade, as it expects the country’s output to exceed pre-pandemic levels in the second half of the year. 
                    [DatePublished] => 2022-10-28 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/10/27/fitch2021-04-2718-43-46_2022-10-27_19-24-29232_thumbnail.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 2200797
                    [Title] => Fitch unit lauds Southeast Asia payments interoperability
                    [Summary] => A full payments interoperability in Southeast Asia by as early as November will allow easier transactions for travelers within the region, according to Fitch Solutions Risk and Industry Research.
                    [DatePublished] => 2022-08-07 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/08/06/fitch_2022-08-06_19-24-33415_thumbnail.jpg
                )

        )

)

abtest