The Philippines is now investment grade.
The news that everyone in the financial markets has been waiting for is finally here. Fitch Ratings announced today that it is upgrading the Philippines’ long-term foreign currency bond rating from BB+ to BBB-, the first notch in investment grade ratings.
Market researchers and brand marketers usually use five socioeconomic classes — Class A, B, C, D, E — when describing income segments of a population.
In the Philippines, it’s tough to describe who really comprise these segments and how big the segments are due to lack of credible and substantive researches.
