MANILA, Philippines--- In a report released on March 10, 2023, Japan's leading credit watcher, Japan Credit Rating Agency (JCR) affirmed the Philippines' investment-grade credit rating of A- with a stable outlook amid global uncertainties and a high inflation. The affirmation confirms the country's strong macroeconomic fundamentals, as evidenced by the strong growth performance in 2022 at 7.6%, which exceeded the 6.5% to 7.5% growth assumption of the Development Budget Coordination Committee (DBCC). The Philippines' labor and employment conditions also continue to improve, with generally steady and low unemployment and underemployment rates since the end of 2022. A credit ra...Keep on reading: Japan Credit Rating Agency affirms A- with stable outlook of PH