Two weeks ago, Soriano told Inquirer Property that "with Fitch and Standard & Poor's successive credit ratings upgrade from BB+ to BBB-, PSEi hitting new peaks at 7,400, the 6- to 6.5-percent GDP 2013 forecast, renewed investor confidence due to the government's reform agenda and the generally peaceful national and local elections, the property sector is well on its way to outperforming last year's banner performance, all this buoyed by a newfound optimism and rosy macro fundamentals in this 3-year-old administration despite an uncertain global economy."