Published January 15, 2021, 4:55 PM
Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion.
In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned the company with an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook.
A company rated PRS A (corp.) has an above-average capacity to meet its financial commitments relative to that of other Philippine corporates.
The company, however, is somewhat more susceptible to adverse changes in circumstances and economic conditions than higher-rated corporates.
Philippine Rating Services Corporation (PhilRatings) has maintained its "A" rating for Cirtek Holdings Philippines Corporation.
In a statement, the ratings firm said it has assigned Cirtek an Issuer Credit Rating of PRS A (corp.), with a Stable Outlook.
A company rated PRS A (corp.)has an
Published December 23, 2020, 5:00 AM
Asia United Bank Corporation (AUB) is seen to continue growing its current accounts and savings accounts’ share in deposits through aggressive market marketing and focus on information technology.
The expected improvement in its funding source is among the reasons why the bank has been assigned a high issuer credit rating of PRS Aa plus (corp.) by Philippine Rating Services Corporation (PhilRatings). The rating has a Stable Outlook.
A company rated “PRS Aa” differs from the highest rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.
December 18, 2020 | 6:37 pm Font Size
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SM Prime Holdings, Inc. on Friday said it is planning to issue up to P10 billion in fixed-rate bonds.
In a disclosure to the stock exchange, SM Prime said it has filed an application with the Securities and Exchange Commission (SEC) for a permit to sell the fixed-rate bonds.
This will be the second tranche of bonds that are part of the company’s three-year debt securities program of up to P100 billion. The shelf registration of the bonds was approved by the SEC on Feb. 12, 2020.
SM Prime said it seeks to issue P5 billion in bonds, with an oversubscription option of up to P5 billion. The bonds will have maturities of 2.5 years and 5 years.
Published December 15, 2020, 3:45 PM
The Issue Credit Rating for Arthaland Corporation’s (ALCO) P3.0 billion Fixed-rate ASEAN Green Bonds has been upgraded by Philippine Rating Services Corporation (PhilRatings) to PRS Aa,from PRS Aa minus.
AStable Outlook was likewise assigned to the rating for the initial issuance in relation to the Company’s 3-year Shelf Registration of up to P6.0 billion.
Obligations rated PRS Aaare of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitment on the obligation is very strong.
PhilRatings said the rating and outlook were assigned given the clear strategic direction, resulting in global recognition as a real estate developer of dual certified (locally and internationally) green projects in the Philippines, leading to continued interest in its products.