Whilst acknowledging that some critical areas need to be addressed, one of Korea's oldest and largest credit rating agencies, gives positive reviews of the much improved Philippine investment environment. This is the first thumbs up coming from Korea's private sector group this year, and comes on the heels of a series of encouraging assessments issued by global firms late last year, culminating in the HSBC's and the IMF's positive marks for the country's efforts in turning around the Philippine economy.