Marcos: Every Filipino to benefit from improving PH economy

MANILA, Philippines — Filipinos, who are still reeling from the economic impact of the Covid-19 pandemic, will benefit from the improving economic growth of the country as it eventually breaks the cycle of poverty in the near future, President Ferdinand Marcos Jr. said Saturday.

The President issued the statement after the Japan-based Rating and Investment Information, Inc. (R&I) upgraded the Philippines’ investment grade rating to “A-” amid its strong economic performance.

In his message Saturday, Marcos said the country’s highest rating to date manifests high investors’ confidence in the Philippine economy, noting it’s also an upgrade on the lives of ordinary Filipinos.

He said the latest upgrade would cut borrowing costs and secure cheap and affordable financing for the government, businesses, and ordinary consumers.

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