PH posts leanest GOCC debt load – Fitch

MANILA, Philippines – The Philippines posted the lowest state-owned enterprise (SOE) debt burden among six emerging Asia-Pacific markets with declining state support in recent years, Fitch Ratings said. In a special report, Fitch said the debt burden of SOEs relative to gross domestic product (GDP) stood at just 1.1 percent in the Philippines. It added that this was lower than in Indonesia, Thailand, India, Malaysia, and China, where state-linked firms carry significantly heavier debt loads. READ: PH may face first credit downgrade in decades as Fitch turns ‘negative’ Meanwhile, explicitly guaranteed debt—where the government is legally obliged to repay if an […]...

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