Fitch rates Philippines bond BBB

Fitch Ratings said it assigned an expected BBB rating to Philippines' forthcoming dollar-denominated bond.

The expected rating is in line with the Philippines' long-term foreign-currency issuer default rating of BBB with stable outlook.

The rating is sensitive to any changes in the Philippines' long-term foreign-currency issuer default rating.

The country has long-term foreign- and local-currency issuer default ratings of BBB and a stable outlook.

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