00:00First in our news, an international credit rating company gave a positive outlook to the Philippines
00:09which is expected to have a big impact on the continued development of the country's economy.
00:15According to the economic managers, this is just a proof that the investors have high trust in the government of President Ferdinand R. Marcos Jr.
00:24Here is the report.
00:27The economic managers of the government were pleased with the news
00:32as well as the increase in the credit rating outlook of the Philippines
00:35according to the Standard and Poor or S&P Global Ratings.
00:39The country received a positive mark which means a possible upgrade to the A rating within 24 months
00:48according to the Special Assistant to the President for Investment and Economic Affairs,
00:53Finance and Budget Secretaries, the country is determined to meet the A rating.
00:58The government also assured that the change in the economy will not be affected by any political trials.
01:06The S&P also mentioned the above average growth potential, effective policy making in the country,
01:13fiscal reforms, infrastructure, policy environment and others.
01:17According to the economic managers, the Create More Law and Public-Private Partnership is also a big deal.
01:23The economic managers also gave a proof that the country's economy is its strong point, business as usual.
01:31According to the economic managers, President Ferdinand R. Marcos Jr. is currently in the United Arab Emirates
01:38to strengthen the relationship between the Philippines and the UAE.
01:41While their Senate is already finishing their deliberation on the 2025 National Expenditure Program,
01:48according to the economic managers, all branches of the government are focused on the whole-of-government approach
01:55towards the possible upgrade.
01:57For Finance Secretary Ralph Recto, the S&P affirmation in the country is just a solid endorsement of President Marcos' leadership.
02:06The trust of investors and creditors in running the economy and the country is huge.
