Conglomerate Filinvest Development Corp. said it obtained the highest credit rating of PRS Aaa (corp). with a stable outlook from Philippine Ratings Services Corp (PhilRatings) for its planned P8-billion preferred shares offering.
The PRS Aaa (corp.) rating means FDC has a very strong ability to meet its financial obligations, while a stable outlook means the rating is unlikely to change over the next 12 months.
PhilRatings also reaffirmed its PRS Aaa rating, with a stable outlook, for FDC’s P10 billion in outstanding bonds. The rating indicates minimal credit risk and reflects the company’s extremely strong capacity to meet financial commitments.
“The ratings assigned by PhilRatings reflect the strength of our fundamentals, the resilience of our portfolio, and the prudent financial stewardship that guides our long-term strategy,” said FDC president and chief executive Rhoda Huang
“We remain committed to strengthening our businesses across industries to deliver value to our stakeholders and contribute meaningfully to enabling Filipino dreams,” said Huang.
