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BRIEF-S&P Revises Philippines' Outlook Revised To Stable On External Adversities

BY Reuters | CORPORATE | 04/08/26 09:11 AM EDT

April 8 (Reuters) - S&P:

* S&P: PHILIPPINES OUTLOOK REVISED TO STABLE ON EXTERNAL ADVERSITIES; 'BBB+' RATING AFFIRMED

* S&P: STABLE OUTLOOK ON EXPECTATION THAT PHILIPPINES WILL MAINTAIN HEALTHY ECONOMIC GROWTH & FISCAL DEFICIT WILL DECLINE OVER NEXT TWO YRS S&P: EXPECT ENERGY SHOCK FOR PHILIPPINES TO BE TEMPORARY

* S&P: REVISED RATING OUTLOOK ON PHILIPPINES AS WAR IN MIDDLE EAST INCREASED RISKS FOR TRAJECTORY OF COUNTRY'S EXTERNAL & FISCAL METRICS

* S&P: BELIEVE IMPACT OF ONGOING ENERGY SHOCKS DUE TO MIDDLE EAST WAR AND GOVERNANCE-RELATED ISSUES WOULD WANE BY SECOND HALF OF YEAR

* S&P ON PHILIPPINES: BELIEVE IS UNLIKELY THAT EXTERNAL, FISCAL SUPPORT WILL IMPROVE SUFFICIENTLY OVER NEXT 2-3 YEARS TO AUGMENT SUPPORT FOR RATINGS

* S&P: BELIEVE SLOWDOWN IN PUBLIC INFRASTRUCTURE INVESTMENT WHICH IS WEIGHING ON PHILIPPINES' GROWTH IS TEMPORARY

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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