Philippines' rating unaffected by Duterte's likely win
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S&P Global Ratings today said its sovereign credit ratings on Philippines are unaffected by Rodrigo Duterte's likely win in the presidential election.
It said that Duterte has given few details regarding the shape of economic policies to come under his presidency, but S&P expects him to continue with policies that had contributed to sovereign rating improvements in the past few years.
Duterte's track record of more than 20 years in Davao gives few indications that he would embark on economic policies significantly different from the Arroyo and Aquino administrations, the rating agency said.
Long-term rating for the Philippines is "BBB".
