Manila, April 30 -- Fitch Ratings' reaffirmation of the country's credit rating is a vote of confidence for the Philippines and highlights the country's strong economic fundamentals, Finance Secretary Ralph Recto said Wednesday.

In a statement, Recto also said the reaffirmation of the "BBB" credit rating also "underscores the strength of our economic fundamentals, the credibility of our ongoing reforms, and our resilience in navigating global headwinds - all while maintaining robust growth."

"We remain committed to sustaining this trajectory through sound fiscal management and an open, investment-friendly environment that invites and welcomes partners from around the globe," he said.

Fitch Ratings on Tuesday reaffirmed the Philippines'...