00:00 The S&P Global Ratings affirmed the country's BBB+ long-term and A2 short-term sovereign
00:05 credit ratings with a stable outlook.
00:08 The government welcomes the rating's affirmation and the confidence on the Philippine economy's
00:13 macroeconomic fundamentals.
00:15 The credit rating agency expects the country's economic growth will remain above average
00:20 due to government's ongoing efforts to address infrastructure gaps and improvements in the
00:25 business climate.
