Alsons gets A+ credit rating for new commercial papers on January 18, 2021 at 10:24 am
Alsons Consolidated Resources, Inc. (ACR), which has power generating assets concentrated in Mindanao, said it was given a “PRS A+ (corp.) with a Stable Outlook” issuer credit rating from the Philippine Rating Services Corporation (PhilRatings) for the proposed first tranche of its new commercial papers (CPs).
A company with a PRS A+ (corp.) rating, according to PhilRatings, means it has an above average capacity to meet its financial commitments compared to other firms. A stable outlook, meanwhile, means that the rating is likely to remain unchanged within the next twelve months.