Ayala Land Inc. (ALI) will be issuing P1 billion in short-term commercial papers (STCPs). “The STCPs have been rated PRS 1,†PhilRatings announced. PRS 1 is the highest possible rating on PhilRatings’ short-term credit rating scale. A PRS 1 (Best Grade) rating means that ALI has the strongest capability for timely payment of its STCP […]
“The rating for Philippine Long Distance Telephone Company’s (PLDT) P2.0 billion short-term commercial papers (STCPs) is PRS 1,†PhilRatings announced. PRS 1 is the highest rating possible on PhilRatings’ short-term rating scale. A PRS 1 (Best Grade) rating is defined as: “Strongest capability for timely payment of debt instrument issue on both principal and interest. […]
“The rating for Robinsons Land Corporation’s (Robinsons Land) P2.0 billion bonds is PRS Aa,†PhilRatings announced. The bonds, to be issued within the year, will mature five years and one day from issue date. A PRS Aa rating is defined as: “With large margins of protection. Fluctuations of protective elements, however, may be of greater […]
“PCI Leasing and Finance, Inc.’s (PCI Leasing) P250 million short-term commercial papers (STCPs) are rated PRS 1 minus,†PhilRatings announced. The new rating is an improvement over last year’s rating of PRS 2 plus for a previous P500 million STCP line. A rating of PRS 1 (Best Grade) is defined as: “Strongest capability for timely […]
The proposed P1.2 Billion IT Bonds to be issued by Stradcom Corporation have been rated PRS Aa by PhilRatings. PRS Aa is the second highest possible rating for long-term issues. Stradcom Corporation (Stradcom) is a project company tasked to develop and operate information technology facilities for driver licensing and motor vehicle registration transactions of the […]
PhilRatings affirmed its PRS Aa rating on Ayala Land Inc.’s proposed P3 billion bond issue. ALI is increasing its proposed bond issue to P3 billion, from the P2 billion that was previously announced, after receiving through its issue Manager, BPI Capital Corporation, strong interest from participating underwriters. ALI’s P6 billion long-term commercial papers maturing this […]
“Ayala Land, Inc.’s (ALI) proposed P2.0 billion bonds are rated PRS Aa,†PhilRatings announced. ALI intends to issue up to P2.0 billion in bonds for re-financing purposes, as well as to fund various development projects. The term of the bond will be 5-7 years. Lead underwriter is BPI Capital Corporation.
PhilRatings announces its first assignment ever of a corporate credit rating to a company — Berkley International Plans, Inc. (Berkley Plans), a pre-need firm established in 1997. As differentiated from PhilRatings’ outstanding issue ratings or ratings related to a particular commercial paper, bond, or debt security, a corporate credit rating measures the over-all creditworthiness of […]
Filinvest Land, Inc. (FLI) will be issuing an additional P1.0 billion in long-term commercial papers (LTCPs) this year. In 1999, it issued P2.0 billion in LTCPs and these will mature by November 2004. PhilRatings has given a rating of PRS Aa to the new P1.0 billion issue and has also maintained the same rating for […]
Fort Bonifacio Development Corporation’s (FBDC) short-term commercial paper line, amounting to P1.0 billion, and its proposed long-term commercial papers (LTCPs), amounting to P2.0 billion, have been given ratings of PRS 3 and PRS Baa, respectively.
To partly finance its priority projects (e.g. the Subic-Clark-Tarlac Expressway), the Bases Conversion Development Authority (BCDA) intends to issue P2.0 billion worth of bonds, with a fixed coupon rate, over a 5-year term. The bonds will be offered primarily on a private placement basis to qualified investors. Lead underwriter is the Development Bank of the […]