MANILA, Philippines — Malacanang on Tuesday said the Philippines has secured back-to-back credit rating approvals from two leading global agencies that could translate to job creation, and better public services funding.
Executive Secretary Ralph Recto said the double vote of confidence from Rating and Investment Information, Inc. (R&I) and Moody’s reflected continued confidence in the country’s economic strength and ability to attract investments.
R&I affirmed the Philippines’ A− investment-grade rating with a stable outlook on Aug. 21, 2026. R&I gave the Philippines its first-ever A-level rating under the Marcos Jr. administration in 2024.
Moody’s followed on Aug. 24, affirming the country’s Baa2 investment-grade rating with a stable outlook
"This is two votes of confidence in the Philippines. It is proof that investors' trust in our economy and in the governance of President Ferdinand Marcos Jr. remains strong," Recto said in a statement.
“We will protect the confidence we have earned. More importantly, we will make that confidence work for the Filipino people through more jobs, higher incomes, better infrastructure, and stronger public services,” he said.
R&I described the disruption as temporary as the government’s safeguards and reforms could strengthen governance through greater transparency. Moody’s likewise said the contraction, including the effects of higher energy prices due to the Middle East conflict, are largely cyclical.
“The recovery from the second half of 2026 should be led by a rebound in public investment as the government resumes stalled disbursements and normalizes spending execution,” Moody’s said.
