Moody's Ups PH Rating to Investment Grade

Moody's Investors Service on Thursday became the third major credit rating agency to upgrade the Philippines to investment grade, citing its robust economy, political stability and improved governance, reports the Associated Press/YahooNews. Moody's said it raised the rating by one notch to Baa3 from Ba1. It also assigned a positive outlook to the rating, which means there's a possibility of it being upgraded again in the future.