BSP and local capital markets: The story so far (Philippines Daily Inquirer)

The Philippines boasts one of the oldest stock markets in Asia, but it’s only recently that it has been a bright spot in the global economy. The three major debt watchers, Moody’s, SandP and Fitch, have all ranked the Philippines at least investment grade in the last year. In 2008, the World Economic Forum (WEF) ranked…