Fitch was the first to upgrade the Philippines in March, with S&P following two months after. Yesterday, the Philippines won a rating upgrade from Moody’s Investors Service, completing our nation’s rise to investment rank.
What was once called “the sick man of Asia” is now one of the best performers. But a common sentiment we hear from Filipinos is this: “Wala namang pagbabago. Mga mayayaman lang ang makikinabang dyan.” and so on.
If you feel that you are left behind, what have you done in the previous months when the Philippines achieved its first and second investment grade status? Did you ever ask how you can take part and benefit from it? [Read more…]