PEZA Hails Credit Rating Upgrade as Boost to Philippines’ Investment Appeal

Manila-The Philippine Economic Zone Authority (PEZA) on Thursday celebrated a significant upgrade in the country’s credit rating by Japan’s Rating and Investment Information Inc. (R and I), marking a pivotal affirmation of the Philippines as a prime destination for foreign investment. The upgrade to an A- with a stable outlook reflects confidence in the nation’s economic growth and fiscal health.

According to Philippines News agency, the upgrade is a direct result of the Philippines’ aggressive investment generation and foreign direct investment (FDI) strategies under President Ferdinand R. Marcos Jr.’s administration. Panga emphasized that this positive development is expected to attract more investors across various industries, thereby bolstering economic growth and stability. The upgraded rating, which follows a previous elevation to A- status by another Japanese rating agency, underscores the Philippines’ strong economic performance relative to its Southeast Asian neighbors.