Philippines Credit Ratings & Outlooks

Pays
Moody's
S&P
Fitch
DBRS
Scope Ratings
Philippines
Baa2
Stable
BBB+
Positive
BBB
Stable
NR
NR

Historique des cotes de crédit

Pays
Date of Change
Agence de notation
Cote précédente
Outlook précédent
Cote actuelle
Current Outlook
Philippines
nov. 25, 2024S&PBBB+StableBBB+Positive
Philippines
mai 22, 2023FitchBBBNegativeBBBStable
Philippines
juil. 12, 2021FitchBBBStableBBBNegative
Philippines
mai 07, 2020FitchBBBPositiveBBBStable
Philippines
févr. 11, 2020FitchBBBStableBBBPositive
Philippines
avr. 30, 2019S&PBBBPositiveBBB+Stable
Philippines
avr. 26, 2018S&PBBBStableBBBPositive
Philippines
déc. 10, 2017FitchBBB-PositiveBBBStable
Philippines
sept. 24, 2015FitchBBB-StableBBB-Positive
Philippines
déc. 11, 2014Moody'sBaa3PositiveBaa2Stable
Philippines
mai 08, 2014S&PBBB-StableBBBStable
Philippines
oct. 03, 2013Moody'sBa1Positive WatchBaa3Positive
Philippines
juil. 25, 2013Moody'sBa1StableBa1Positive Watch
Philippines
mai 02, 2013S&PBB+PositiveBBB-Stable
Philippines
mars 27, 2013FitchBB+StableBBB-Stable
Philippines
déc. 20, 2012S&PBB+StableBB+Positive
Philippines
oct. 29, 2012Moody'sBa2PositiveBa1Stable
Philippines
juil. 04, 2012S&PBBPositiveBB+Stable
Philippines
mai 29, 2012Moody'sBa2StableBa2Positive
Philippines
déc. 16, 2011S&PBBStableBBPositive

Clé de table

ClasseMoody'sS&PFitchDBRSScope Ratings
Taux préférentiel
Aaa
AAA
AAA
AAA
AAA
Haute Qualité
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Grade moyen supérieur
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Inférieure Moyenne
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
De qualité inférieure spéculatif
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
En défaut avec peu de perspectives de reprise
CD
RD
RD
En défaut
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Non évalué
NR
NR
NR
NR
NR
FAQ
Philippines’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Philippines’s credit risk.
This page lists the latest rating and outlook actions for Philippines, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Philippines's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Philippines ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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