PHILIPPINE Rating Services Corporation (PhilRatings) has assigned an issue credit score rating of PRS Aa plus to the proposed P4.1 billion debt issuance of Hedcor Sibulan Inc. (HSI), a subsidiary of Aboitiz Power Corporation (AP), Aboitiz Power told the stock trade on Monday.
Obligations rated PRS Aa are of high high-quality and are problem to very low credit threat and indicates that the obligor’s capacity to fulfill its economic commitment at the obligation may be very sturdy.
In a statement submitted by Aboitiz Power to the trade, PhilRatings stated it likewise assigned a score outlook of solid to the assigned difficulty credit rating. An outlook is an indication as to the viable route of any score exchange inside a one-year duration.
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