President Ferdinand Marcos Jr. has lauded the recent “A-” investment grade rating from Japan’s Rating and Investment Information Inc. (R&I) as a catalyst for bolstering the nation’s economic prospects.
The upgraded rating not only signifies enhanced investor trust in the country’s economic stability but is poised to have a significant impact on driving economic growth and development.
The improved credit rating is anticipated to play a pivotal role in reducing borrowing costs, fostering an environment conducive to increased investments, business expansions, and job creation.
“Ang patuloy na pagpapabuti ng ating credit rating ay maghahatid ng mas maraming investments at dagdag na negosyo sa ating bansa na magdadala ng maraming kalidad na trabaho at mas mataas na kita para sa bawat Pilipino,” President Marcos reiterated.
This sentiment underscores the belief that the rating upgrade will not only attract investments but also lead to higher incomes and improved job opportunities for the Filipino populace.
Recognizing the broader impact of the rating upgrade, the government is expected to redirect financial resources towards crucial sectors such as infrastructure, healthcare, and education, instead of being tied down by excessive interest payments.
This shift in financial allocation is envisioned to stimulate economic activities, creating a ripple effect that benefits both businesses and consumers while advancing the overall economic landscape.
With a strong focus on ensuring that economic growth is inclusive and reaches every Filipino, President Marcos emphasized the rating’s role in enhancing the country’s resilience in the face of challenges and driving sustainable progress.
The “A-” investment grade rating, coupled with a stable outlook, sets the stage for a positive economic trajectory, fostering a conducive environment for growth, innovation, and prosperity in the Philippines.
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