The credit outlook for the Philippines has been revised to positive by S&P Global Ratings, indicating the possibility of an upgrade to an 'A' sovereign rating.

The country's long-term foreign currency debt rating remains at BBB+, which reflects confidence in its economic management.

The positive outlook is a result of significant fiscal reforms, improved infrastructure, and a favorable policy environment, all of which have contributed to strong economic growth over the past decade.

This development brings the Philippines closer to achieving its credit rating goals, demonstrating improved financial stability and investment attractiveness.