Tag Archives: Petron

Petron to Borrow Long-Term P5.5 Billion; Gets a PRS Aaa

“Petron Corp. (Petron) will be borrowing P5.5 billion long-term. The borrowing is rated PRS Aaa,” PhilRatings announced. A rating of PRS Aaa is given to debt obligations with the “smallest degree of investment risk. Interest payments are protected by a large or by an exceptionally stable margin and principal is secured. While the various protective […]

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Petron Corporation Gets a PRS Aaa (corp.) Corporate Credit Rating

“The rating for Petron Corporation’s (Petron) over-all creditworthiness is PRS Aaa (corp.),” PhilRatings announced. A rating of PRS Aaa (corp.) is defined as: “A company rated PRS Aaa has a VERY STRONG capacity to meet its financial commitments relative to that of other Philippine corporates.” A PRS Aaa is the highest rating that can be […]

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