The Philippine economy is getting positive reviews from international surveys and lists even after typhoon Yolanda destroyed billions of infrastructure, and crippled the businesses in the areas where the monster typhoon made its landfall.
According to a global debt watcher, The Philippines is the only Asian economy to make it in its list of "rising stars" this year.
The New York-based financial services company that is Standard and Poor's Ratings Services (S&P) is giving more downgrades than upgrade debt ratings. The Philippines is one of the two countries that's been added to its list of rising stars in 2013.
S&P included 31 countries on its list, and the Philippines is the only country in Asia sitting comfortably with the rest of the world. It defines "rising star" whose credit score was upgraded from junk to investment grade.
The result of the list makes a country an attractive place for foreign investors to do business.
Earlier, all three major ratings agencies - S&P, Fitch and Moody's - upgraded their credit ratings on the Philippines.
