RCR gets Triple-A, investment-grade rating RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT) to date, has receiived the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). An...
Presidential spokesman Harry Roque on Tuesday, September 7, trumpeted the country’s “A-“ rating from the Japan Credit Rating Agency (JCRA) and the drop in the unemployment rate to 6.9 percent. Presidential spokesperson Harry Roque (OPS / FILE PHOTO / MANILA BULLETIN) During a virtual press...
The Japan Credit Rating Agency Ltd. (JCR) affirmed the Philippines’ credit rating, but it expects a slow pace economic recovery this year due to the rapidly spreading Delta variant. Japan Credit Rating In a statement, JCR said Monday, Sept. 6, that it maintained the credit rating for the...
SM Prime Holdings, Inc. is planning to raise up to P10 billion from the third tranche of its P100 billion fixed-rate bonds with the Securities and Exchange Commission in February last year. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the SEC an application for...
The Philippine Ports Authority (PPA) has attained its highest user-generated rating under the current Duterte administration at 85.96 percent. PPA General Manager Jay Santiago (File photo/ Screengrab from Zoom meeting) "This is the cherry on top. The way we perform and deliver our commitments will...
The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ sole professional reinsurer, was assigned a financial strength rating of PRS A, with a Stable Outlook, by the Philippine Rating Services Corporation (PhilRatings). A PRS A rating means that an insurer has strong...
Real estate giant Ayala Land Inc. is raising up to P5.5 billion from a planned offering of fixed-rate retail bonds with a 10-year tenor. The issuance consists of the base issue of P2.75 billion in relation to the first tranche of ALI’s new 3-year Securities Program (2021 SP) of up to P50 billion,...
For the second straight year, the Department of Tourism (DOT) has received the highest audit rating possible from the Commission on Audit (COA), Tourism Secretary Bernadette Romulo-Puyat announced. DOT Secretary Bernadette Romulo-Puyat (Photo from DOT Facebook page) In a statement on Monday, August...
Philippine Rating Services Corporation (PhilRatings) has maintained its high rating of PRS Aa minus with a Stable Outlook for Tranche 3 of MRT III Funding Corporation’s Asset-Backed Notes. The Asset-Backed Notes issue is a securitization of future dividends from Metro Rail Transit Corporation...
Debt-watcher Moody’s Investors Service is upbeat about the Philippines’ recovery prospects from the pandemic, expecting the economy to outperform most of the sovereigns it rates in terms of average growth up to 2025. In its latest credit analysis report on the Philippines, Moody’s cited its...
Interior Secretary Eduardo M. Año attributed his high approval rating to the hard work and numerous accomplishments it “was able to accomplish during his leadership as the head of the Department of the Interior and Local Government (DILG). Año was named the second-best performing cabinet member...
An announcement from Fitch Ratings last July 12 has set off alarm signals as the nation continued to grapple with COVID-19: “The revision of the Philippines' outlook to Negative reflects increasing risks to the credit profile from the impact of the pandemic and its aftermath on policy-making as...
