Philippines Credit Ratings | FX Empire

Philippines

Moody's		S&P		Fitch		DBRS		Scope Ratings
Rating	Outlook	Rating	Outlook	Rating	Outlook	Rating	Outlook	Rating	Outlook
Baa2	Stable	BBB+	Stable	BBB	Stable	NR	-	NR	-

Rating Agency	Date	Previous Rating	Previous Outlook	New Rating	New Outlook
Fitch	May 22, 2023	BBB	Negative	BBB	Stable
Fitch	Jul 12, 2021	BBB	Stable	BBB	Negative
Fitch	May 07, 2020	BBB	Positive	BBB	Stable
Fitch	Feb 11, 2020	BBB	Stable	BBB	Positive
S&P	Apr 30, 2019	BBB	Positive	BBB+	Stable
S&P	Apr 26, 2018	BBB	Stable	BBB	Positive
Fitch	Dec 10, 2017	BBB-	Positive	BBB	Stable
Fitch	Sep 24, 2015	BBB-	Stable	BBB-	Positive
Moody's	Dec 11, 2014	Baa3	Positive	Baa2	Stable
S&P	May 08, 2014	BBB-	Stable	BBB	Stable
Moody's	Oct 03, 2013	Ba1	Positive Watch	Baa3	Positive
Moody's	Jul 25, 2013	Ba1	Stable	Ba1	Positive Watch
S&P	May 02, 2013	BB+	Positive	BBB-	Stable
Fitch	Mar 27, 2013	BB+	Stable	BBB-	Stable
S&P	Dec 20, 2012	BB+	Stable	BB+	Positive
Moody's	Oct 29, 2012	Ba2	Positive	Ba1	Stable
S&P	Jul 04, 2012	BB	Positive	BB+	Stable
Moody's	May 29, 2012	Ba2	Stable	Ba2	Positive
S&P	Dec 16, 2011	BB	Stable	BB	Positive
Fitch	Jun 23, 2011	BB	Stable	BB+	Stable

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risks	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative	Ca	CC	CC	CCC	CC
Extremely Speculative			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR