MANILA, Aug. 30 (Xinhua) -- The Philippine central bank, the Bangko Sentral ng Pilipinas (BSP), on Saturday said it welcomed the favorable assessment by credit rating agency Moody's of the country's access to external financing.
In its latest ratings review -- a report that follows a rating action -- Moody's noted the country's access to domestic and international funding markets as well as the "ample foreign-currency reserves." These are seen to help the economy "weather global capital flows volatility."
Moody's assessment followed its affirmation of the Baa2 rating (moderate credit risk) and stable outlook in August 2024.
As of the end of July 2025, the Philippines' gross international reserves stood at 105.4 billion U.S. dollars, equivalent to 7.2 months' worth of imports and about 3.4 times the country's short-term external debt based on residual maturity, the BSP said.
"The Philippines has built ample reserves and policy space to absorb external shocks, allowing us to maintain stability even in times of global uncertainty," BSP Governor Eli Remolona said in a statement. ■
