MANILA, Philippines — Makati posted ... growth posted in the previous year. The GDP of the city was estimated at P1.18 trillion, while its GDP per capita is at P1,778,002.

The rating is hindered by the low GDP per capita ... believes that the World Bank Governance Indicator (WBGI) scores might exaggerate this fact. Fitch anticipates the Philippines’ economy ...

Finance Secretary Ralph Recto welcomed Fitch Ratings’ recent affirmation of our BBB credit rating with a ‘Stable’ outlook.