September 25, 2015

Philippines Credit Rating Improves to Positive

"Fitch logo new" by - Licensed under Public Domain via Wikimedia Commons

Fitch Ratings, an international credit rating agency, has reverse it's credit upgrade for Philippines from stable to positive according to news sources. Sovereign credit rating is an indicator of government's ability to pay debt; this is also one of the indicators of economic health for investors.

Improving good governance relative to fight against corruption has improve the image of Philippines to foreign investors; plus good monetary policy.

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