PHL gets investment grade rating from Moody's

3 October 2013
Makati skyline
Yen Baet also took this shot of the Makati skyline. (Photo by Yen Baet)

Moody’s Investors Service on Thursday upgraded Philippine sovereign credit rating to investment grade with positive outlook, citing a robust economic performance in the face of an ongoing fiscal and debt consolidation as well as political stability and improved governance.


The Philippine rating was upgraded to Baa3 from Ba1. – Siegfrid Alegado/VS, GMA News