Our continuing presence and investment in the Philippines is rooted in our shared history.
Robust economic growth has helped the Philippines continue as Asia’s rising star and it forms a key component of the Group’s ASEAN footprint and strategy. The ASEAN markets are among the fastest-growing globally and connect to some of the world’s key trade corridors. The Philippines ranks as the third-largest economy in ASEAN based on GDP, after Indonesia and Thailand.
The three major credit rating agencies, Standard & Poor’s, Fitch and Moody’s, recently maintained the country’s 2017 ratings, which reaffirmed the Philippines’ sound macroeconomic foundations and its strong external position.
The Big Three credit rating agencies, Standard & Poor’s, Fitch and Moody’s, reaffirmed the Philippines’ sound macroeconomic foundations and its strong external position maintaining the country’s 2017 ratings.
|2018 Apr||Standard and Poor’s||BBB Stable|
|2018 Jul||Moody’s||BAA2 Stable|
Our start in the country concerned financing the sugar trade and the relationship has flourished since then. We have shared some difficult times and enjoyed some sweet success, but overall we have thrived together through a sound knowledge of each other’s capabilities and a commitment to bringing out the best for all.
That is what partnership is all about ̶ making the effort to learn about each other and provide the way for both to succeed. We look forward to many more years of partnering with the Philippines.