Last March 27, 2013, the Republic of the Philippines received its first Investment Grade Status from the rating agency, Fitch Group. From a previous ranking of BB+, the status of the Philippines has been upgraded to BBB-. For the first time in the nation’s history, the country was given such an investment grade by a major international credit ratings agency. This means a great deal to the country and its future growth and development as the investment grade will pave to the way towards a host of benefits and improvements. The previous ranking (BB+) was two notches below investment grade and thus indicated to foreign direct investors that the Philippines is not the safest place for their investments. The upgrade to BBB- labels the country as Investment Grade and thus states that we are ready and able to house such major investments.