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.