4 Jan 2017
Doing Business in the Philippines
Philippine credit ratings were significantly elevated by the world’s major credit rating agencies in the past two years. In 2014, Standard & Poor’s Financial Services (S&P) upgraded the Philippines’ long-term sovereign credit rating from BBB- Stable to BBB Stable, the highest rating ever recorded in the country’s history. This set the country’s credit rating a notch higher than the minimum investment grade status granted to it by S&P on 2 May 2013, making the Philippines more internationally competitive and attractive to investors. Likewise, Fitch Ratings (Fitch) and Moody’s Investors Service (Moody’s) have given the country an Investment Grade, reaffirming the country’s strong economic fundamentals and its positive growth prospects.
As the country enters a demographic sweet spot, where majority of the over 100 million Filipinos would be within the working-age group, the nation’s attractiveness as a global investment destination is further strengthened. This puts the country in a strong and enviable position to benefit from upcoming developments in the Asian regional landscape.
Please click to read the full report.