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Arthaland maintains PRS Aa rating for P6 billion green bonds

The Po family’s Arthaland Corporation (ALCO) has maintained the Issue Credit Rating of PRS Aa, with a stable outlook for its outstanding Green Bonds amounting to P6 billion.

In a statement, Philippine Rating Services Corporation (PhilRatings) obligations rated PRS Aa are of high quality and are subject to very low credit risk and the obligor’s capacity to meet its financial commitment on the obligation is very strong. A stable outlook means the rating is likely to remain unchanged in the next 12 months.

PhilRatings said the rating assigned is in relation to the company’s capacity to pay the rated bonds only and is not an opinion on the project’s adherence to the ASEAN Green Bonds Standards.

Click here to read the full article on Manila Bulletin.