MANILA, Philippines - Investors appear to be shrugging off the possibility of a US debt default. The Philippine Stock Exchange index (PSE) was up 0.91% to 6,448.76 as of 12 noon, on optimism from Moody's investment grade rating for the Philippines last week. "Investors are of the view, at the last minute, the debt ceiling will be raised because of the extreme negative repercussions of a default by the US government," April Lee Tan, head of research at COL Financial, told ANC. In Washington, there is no sign of an end to the government shutdown, or even a deal on the US borrowing limit by October 17 to avoid an unprecedented default. Mornings@ANC, October 7, 2013