PHILIPPINE Rating Services Corporation (PhilRatings) has assigned an issue credit 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 exchange on Monday.
Obligations rated PRS Aa are of high quality and are subject to very low credit risk and indicates that the obligor’s capacity to meet its financial commitment on the obligation is very strong.
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