Philippines PHL

Philippines sovereign credibility, in brief

Philippines scores 47.0 out of 100 on the composite sovereign credibility index — credibility band 35–50. That ranks it 5 of 5 in Southeast Asia, the 20th percentile of the region. CPI 6.4% vs 3.0% target (+3.4pp) — moderate overshoot | credibility under pressure (47/100).

As of 2026-09-08 · scored daily from public data under methodology v6

Regional standing

Rank 5/5 in Southeast Asia · 20th percentile

In one line

CPI 6.4% vs 3.0% target (+3.4pp) — moderate overshoot | credibility under pressure (47/100)

Philippines holds #128 on the headline ranking, against 4 others we score in Southeast Asia. 4 of them sit in a stronger band than Philippines and none in a weaker one. Their split: 4 in 50–65. Vietnam tops them at #18; Indonesia closes them at #84. The nearest neighbour above Philippines is Indonesia at #84; none in this region sit below it. This far down, the neighbours worth watching are the ones climbing out. Without a week-earlier reading there is no direction to set against the table yet. Same seven dimensions, same sources, same day.

Rank is the position in the full cross-country ranking, not within Southeast Asia. 4 of these 4 carry one. Composite scores are part of a subscription.

Questions about the Philippines score

What does a score of 47.0 mean for Philippines?

47.0/100, band 35–50: the target has stopped constraining much and survives as a stated intention. That is 3.0 points below the 50 mid-point of the scale. Seven weighted dimensions produce the figure and no analyst adjusts it afterwards. Nothing in it is a forecast — it grades what Philippines's central bank has already done, said and delivered.

How often is Philippines's score updated?

Nightly, off that day's public releases; this page carries the 2026-09-08 run. There is no reading from seven days ago to set this one against. A 90-day trailing average damps single prints, so a weekly move past a couple of points is a real one. Tomorrow's run replaces the 2026-09-08 figure outright rather than revising it in place.

What is the 35–50 credibility band?

Five bands cut the scale — ≥ 80, 65–80, 50–65, 35–50, < 35 — and 35–50 is step 4. Philippines clears its 35 floor by 12.0 and stops 3.0 short of 50. The step above is 50–65 and the step below is < 35. Bands grade monetary behaviour, not default risk, so none of this is a credit rating.