Labourers install steel beams at a new high-rise commercial building under construction in Metro Manila October 3, 2013. The Philippines earned its third investment-grade upgrade in about five months ... more 
Labourers install steel beams at a new high-rise commercial building under construction in Metro Manila October 3, 2013. The Philippines earned its third investment-grade upgrade in about five months on Thursday after Moody's raised the country's sovereign debt rating by a notch to Baa3, a widely expected move that will further boost the country's allure among foreign investors. Moody's said the decision to lift the country's credit rating and revise the outlook to positive from stable was based on the sustainability of the country's robust economic performance, fiscal and debt consolidation, as well as political stability and improved governance. REUTERS/Romeo Ranoco (PHILIPPINES - Tags: BUSINESS SOCIETY POLITICS CONSTRUCTION EMPLOYMENT) less 
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Reuters | Photo By ROMEO RANOCO / REUTERS
Thu, Oct 3, 2013 7:13 AM EDT