Ateneo Professor on Entrepreneurship
From GMA News by Marc Jason Cayabyab | March 28, 2013
The Philippine capital market is ecstatic over the news that rating agencies have upgraded PHL rating to a notch below investment grade Bb+ This is something to be happy about since this is the first time it happened to former sick man of Asia, and couple that with 7.1% Q4 GDP growth, one of the highest in ASEAN. This means easier access to credit and ease of borrowing for the country.
However the news report of Marc culled from the ordinary man, as expected means nothing. Perhaps the effect will trickle down several years down the road.
On the optimistic side, upside, investors will now look at PHL with more trust and confidence. And PHL is better off than say Cyprus, Spain, Italy or even USA
What do you think?
Rejoice
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