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What does Fitch Upgrade mean?





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A few weeks ago, Fitch Ratings upgraded the Philippines credit rating to investment grade. Many Filipinos do not really know what does this mean, and that includes me.

These are some questions about the Fitch Ratings Upgrade:
-What does an investment-grade rating mean for the Philippines?
-How will this impact the Philippine economy?
-What was the basis of Fitch Ratings’ decision? What were the main drivers?
-Moving forward, how do we expect government policy and government action to change in response to the credit rating upgrade?

You can read the answers here at http://www.gov.ph/2013/03/27/q-a-on-fitch-ratings-announcement-declaring-the-philippines-investment-grade-march-27-2013/

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