Philippines Upgraded to Fitch BBB- Rating

Wazzup Pilipinas!

Each country is given a credit rating mainly by three agencies, Moody’s, S&P and Fitch. On the basis on the rating given, investors are attracted to invest in the country.

Fitch Ratings upgraded the Philippines' Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB-' from 'BB+'.  This is the highest ever rating that the Philippines has ever received. According to Francisco Colayco, Our country has always been considered as laggard in all categories especially in economy and business.

BBB- is not really such a high rating. It places the Philippines only in the lower level of the “Lower Medium Grade.” We still have to go through four more categories to be “Upper Medium Grade” and two more levels to be “High Grade.” But considering we came from “Non-Investment Grade” categories for over ten years, we have reason to be happy. It is a good start and our country has to take the momentum to forge forward.

Bloomberg Names Philippines Among Top 20 Emerging Markets

Wazzup Pilipinas !

Bloomberg Markets magazine has recently included the Philippines among the top 20 emerging markets.

As everyone knows, the Bloomberg Professional service is the most powerful and flexible platform for financial professionals who need real-time data, news and analytics to make smarter, faster, more informed business decisions. Bloomberg has reported the Philippines may very well be among the world’s top 10 fastest-growing economies amid robust consumer spending.

Investors have been known to pour money into emerging markets - to the tune of $50 billion last year for mutual funds that invest in developing countries, according to EPFR Global.

The Bloomberg Market magazine ranked the top 20 based on more than a dozen criteria. According to Bloomberg, the top 20 emerging markets were graded according to the ease of doing business, perceived level of corruption, and economic freedom.

Philippines Voted "Best Value of Diving Dollar" by the Scuba Diving Magazine

Wazzup Pilipinas !

Once again, the Philippines has been recognized as among the world’s top destinations for diving.

The country was included in four categories in this year’s Top 100 Readers Choice Awards by Scuba Diving Magazine, which is “based on opinions of thousands of divers from across the globe.”

The Philippines, which is part of the Pacific and Indian Ocean region, was named Best Value of Diving Dollar by the magazine, surpassing four other destinations: Palau, Malaysia, Indonesia and Thailand.

It ranked second to Indonesia in Best Macro Diving, followed by Papua New Guinea, Palau and Malaysia; and fourth in Best Underwater Photography, which was won by Fiji.