India has criticised US President Barack Obama for saying that Delhi restricted foreign investment in "too many sectors".
Government rules restricted foreign investment, and the Middle Kingdom had not yet gained entry to the World Trade Organization.
If America restricted such investment, it would have to offer much higher interest rates to attract more private portfolio capital.
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If and when they do, additional portfolio investment is expected to flood into Philippine stocks, bonds and other assets, as the upgrades clear the way for investment funds that are restricted to putting their money in investment-grade economies.
Back then, the country was coming off its entrance into the investment grade club in April, meaning institutional investors restricted to invest only in investment grade bonds, could now buy Brazilian bonds.
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The financial risk might be low the treaty requires the United States to hand over the canal free of debt (a provision that has restricted the scale of investment).
"It would have restricted governments from being able to screen any foreign investment coming into the country, " he said.
Although any person or entity can acquire and store bitcoins on their own, institutional investors are typically restricted in the types of assets available within their investment charter.
However, despite experiencing stable economic growth in recent years, investment in the social services sector has been restricted and, as a result, poverty and social deprivation are still endemic, particularly in marginalised rural and urban communities.
Last year, executives from China's Sany Group accused the U.S. of unfair discrimination after the Obama administration blocked its investment in an Oregon wind farm, citing proximity to restricted military airspace.
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