Showing posts with label 2013. Show all posts
Showing posts with label 2013. Show all posts
Philippines is now Investment Grade
The Philippines is Now Investment Grade
March 27, 2013
- The Philippines got its first ever investment grade debt rating from global credit rating firm Fitch.
- Fitch upgraded the Philippines sovereign credit rating to BBB- from BB+
- An investment grade rating tells investors it is safe to do business in the country and encourages them to put huge capital in the country.
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