Published May 7, 2021, 4:59 PM Phinma Corporation is planning a bond issuance of P2 billion, with an oversubscription option of up to P1 billion, to raise a maximum of P3 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook for the bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitments on the obligation is very strong. In assigning the rating, PhilRatings said it considered Phinma’s highly experienced management team, with a long track record of navigating economic crises since the 1950s.