The economy of the Philippines has been on an upward march for the best part of three years after the coming to power of a regime that has acted swiftly and boldly to put the country on a sounder footing. But ratings agencies had remained unmoved by this progress, until Fitch bestowed the sovereign investment-grade status in late-March.
Recently, the Philippines has begun to attract interest from parts of the world that have historically given it a wide berth.
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