Hard work pays off for investment-grade Philippines

The country is now rated investment grade by all three rating agencies, but the real thanks should go to overseas workers rather than the government.
Finance minister Cesar Purisima says the Philippines is still among the most under-rated countries
Finance minister Cesar Purisima says the Philippines is still among the most under-rated countries
October 03, 2013

The Philippines secured a full investment-grade credit rating yesterday after Moody’s fell into line with other major rating agencies and upgraded the country by one notch to Baa3 from Ba1.

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