At the moment, Fitch Ratings, Moody’s Investors Service, Japan’s R&I, Korea’s NICE Investors Service, and Malaysia’s RAM Ratings all assign the Philippines a rating equivalent to BBB, which is a notch above the minimum investment grade.
*  *  *  Fellow Governors, Director General of WAMA, Director General of WAMI, Director General of WAIFEM, Distinguished Delegates, Ladies and Gentlemen. We have once again converged here in Accra in pursuit of our common objective of monetary integration. I suspect you already feel welcome here.