Fitch: Middle East war weighs on Philippine credit rating outlook - BusinessWorld Online

Fitch: Middle East war weighs on Philippine credit rating outlook - BusinessWorld Online

By Katherine K. Chan, Reporter RISKS of stalled growth and slower fiscal consolidation amid the ongoing war in the Middle East could imperil the Philippines’ credit rating, especially as the country is among the most exposed to disruptions, Fitch Ratings said.  Jeremy Zook, senior director for Asia-Pacific (APAC) Sovereign Ratings at Fitch Ratings, said the Philippine economy could still recover this year from the flood control corruption scanda…