December 4, 2025 | 12:00am
MANILA, Philippines — The Philippines emerged in the lowest category in global ranking of insolvency regimes, with S&P Global Ratings citing weak protections for creditors and unpredictable outcomes when companies undergo rehabilitation or bankruptcy.
The global debt watcher classified the Philippines as a Group C jurisdiction based on its assessment released yesterday.
The classification does not affect the country’s existing credit ratings, S&P stressed.
“The Group C jurisdiction ranking assessment on the Philippines reflects the country’s overall weak legal…