While Japan Credit Rating Agency’s (JCR) retained an investment-grade credit rating of “A-” with a “stable” outlook for the Philippines, it raised the challenge of narrowing income disparity tied to infrastructure and rural development, and a setback on fiscal reforms that could hurt this...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ “A-” credit rating with a stable outlook is expected to strengthen confidence among Japanese investors in the country. On Thursday, June 5, JCR...
Zobel-led Ayala Corp., the country’s oldest conglomerate, is raising up to ₱31.5 billion through the issuance of preferred shares and Samurai loans from two Japanese banks to fund the expansion of its diversified businesses. In a disclosure to the Philippine Stock Exchange, the firm said...
Zobel-led Ayala Corporation’s access to yen-denominated loans to fund growth initiatives at competitive rates has been enhanced after being assigned an inaugural foreign currency long-term issuer rating of “A-” by Japan Credit Rating Agency Ltd. (JCR). According to the report released by JCR,...
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...
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...
Security Bank Corporation reported that the Japan Credit Rating Agency, Ltd. (JCR) has affirmed its A- investment grade credit rating with stable outlook, the same level as the Philippine sovereign rating. In a disclosure to the Philippine Stock Exchange, Security Bank quoted JCR as saying that the...
