S&P: Improving global economy a boon to PH

An improving global economy and favorable local developments are increasing the Philippines’ chances of getting an investment grade soon, according to ratings agency Standard and Poor’s.

An improving global economy and favorable local developments are increasing the Philippines’ chances of getting an investment grade soon, according to ratings agency Standard and Poor’s.

Malacañang was ecstatic Thursday over Standard and Poors’ credit rating upgrade of the Philippines to a notch below investment grade.
Banks in the Philippines are likely to withstand the adverse effects of the ongoing debt crisis in the euro zone, according to international credit rating firm Standard & Poor’s.