Ayala Land, Inc.’s (ALI) P4.0 Billion Bonds due in 2013 were given an issue rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). The company’s outstanding P2.0 Billion Bond issue maturing this November 2008 likewise maintained its PRS Aaa rating.
“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 […]
“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 […]
“The rating for First Gen Corporation’s (First Gen) proposed P3 billion bonds is PRS Aaa,” PhilRatings announced. The PRS Aaa means that the: “…issue has the smallest degree of investment risk as interest payments are protected by a large or by an exceptionally stable margin, and principal is secured. While the various protective elements are […]
“The rating for Ayala Corporation’s proposed P5 billion in 5-year bonds is PRS Aaa,” PhilRatings announced. A rating of PRS Aaa is defined as “having 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 elements are likely […]
“Ayala Land, Inc.’s (ALI) proposed short-term commercial paper issue (STCP) amounting to P2.0 billion is rated PRS 1,†PhilRatings announced as it also maintained the PRS Aaa ratings for ALI’s outstanding P3.0 billion bonds, maturing in 2007 and its P2.0 billion bonds, maturing in 2008. At present, ALI has an existing P1.0 billion STCP issue […]
“Globe Telecom, Inc. (Globe) is increasing the amount of its bonds from P2.7 billion to P3.0 billion. Even with the increase in amount, the bonds are still rated PRS Aaa,†PhilRatings announced. A rating of PRS Aaa is defined as: “…the issue has the smallest degree of investment risk. Interest payments are protected by a […]
“Ayala Land, Inc.’s (ALI) proposed bond issue amounting to P2.0 billion is rated PRS Aaa,†PhilRatings announced as it also maintained the PRS Aaa rating for ALI’s outstanding P3.0 billion bonds, maturing in 2007 and the PRS 1 on ALI’s P1 billion in short-term commercial papers (STCPs). Both PRS Aaa and PRS 1 are the […]
Philippine Rating Services Corporation (PhilRatings) announced that Globe Telecom, Inc.’s (Globe) P2.7 billion bonds have been assigned a rating of PRS Aaa. A rating of PRS Aaa is defined as: “…the issue has the smallest degree of investment risk. Interest payments are protected by a large or by an exceptionally stable margin and principal is […]
PhilRatings announces its first issuer rating ever of a government-owned and controlled corporation (GOCC) — the Philippine Export-Import Credit Agency (PhilExim), a government financial institution attached to the Department of Finance. PhilExim is given an issuer rating of PRS Aaa (corp.) that is defined as, “the company has a VERY STRONG capacity to meet its […]