Investment grade still PH’s holy grail

Saturday, 21 April 2012 08:27

Less than a decade ago, any hope of securing an investment grade rating for the Philippines from any of the international credit watchdogs was considered to be little more than wishful thinking.

With the government’s debt consistently rising after the 1997 Asian financial crisis—hitting a peak of 78 percent of gross domestic product (GDP) in 2004—the country could be said to be on a brink of a fiscal crisis.

Read More: Investment grade still PH’s holy grail