“The Philippines' credit rating at "BBB" is just below "A".”
What Vera Files found
The Philippines' current rating is at "BBB" for Fitch's long-term credit rating scale (as of Jan. 10, 2021) and "BBB+" for S&P's (as of May 29, 2020). Both are a couple of notches below the "A" rating. The country's "Baa2" rating from Moody's (as of July 16, 2020), on the other hand, is two notches below its "A3" rating (the lowest “A” rating).
Their words, from the summary they publish with the rating.
In short
Rodrigo Duterte made this claim around 4 March 2021. Vera Files (Philippines) looked into it and published its finding on 12 March 2021, 8 days later. Its rating was “False”.
Rodrigo Duterte has 126 checked claims in this archive. Fact-checking organisations rated 46 of them false or fake, 78 misleading or mixed and 0 true.
Where the claim appeared
- YouTube videohttps://youtu.be/luQ6y6TqfSI?t=309
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.