Global rating agencies have assigned the following long-term foreign currency ratings for the Philippines. The home pages of these rating agencies are linked below.

Government and government-guaranteed debt securities are exempt from local credit ratings. However, the Securities and Exchange Commission (SEC) requires issuers of commercial paper and bonds to obtain credit ratings from the Philippine Rating Service Corporation (PhilRatings) or from any internationally-accepted credit rating agency with a representative office in the Philippines.

PhilRatings is the only accredited local credit rating agency of the Bangko Sentral ng Pilipinas (BSP) and the rating agency is also an affiliate of Standard and Poor's. A basic profile of PhilRatings can be found by following the link provided below.