Tag Archives: PRS A

Bank of Commerce Assigned a PRS A Issuer Rating

“The rating for Bank of Commerce’s (Bancommerce) over-all credit standing is PRS A,” PhilRatings announced. A rating of PRS A means that the bank has an: “…above average capacity to meet its financial commitments relative to that of other corporates and/or banks.” Bancommerce is the first Philippine bank to seek a domestic issuer or bank […]

Posted in Issue and Issuer Credit Ratings | Also tagged | Comments closed

Plantersbank Does P1.0 Billion Tier-2 Capital Note Issue; Gets a PRS A Rating

Planters Development Bank’s (Plantersbank) P1 billion in unsecured subordinated notes gets a PRS A rating, according to PhilRatings, the country’s pioneer domestic credit rating agency. The PRS A rating means that: “…an issue has favorable investment attributes and is considered as an upper-medium grade obligation. Factors giving security to principal and interest are considered adequate, […]

Posted in Issue and Issuer Credit Ratings | Also tagged | Comments closed

Bank of Commerce to Pursue a P1.2 Billion Tier-2 Issue; Gets a PRS A Rating

“The rating for Bank of Commerce’s proposed P1.2 billion in unsecured subordinated notes is PRS A,” PhilRatings announced. A rating of PRS A means that: “…the issue has favorable investment attributes and is considered as an upper-medium grade obligation. Factors giving security to principal and interest are considered adequate, but elements may be present which […]

Posted in Issue and Issuer Credit Ratings | Also tagged | Comments closed

BCDA Readies P2.0 Billion Issue, Gets PRS A Rating

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 […]

Posted in Issue and Issuer Credit Ratings | Also tagged | Comments closed