Megaworld’s P12-B bonds still rated ‘PRS Aaa’

LISTED Megaworld Corp. announced on Thursday that its P12-billion fixed bonds have kept the “PRS Aaa” rating granted to it by the Philippine Rating Services Corp. (PhilRatings).

In a disclosure on Thursday, the Andrew Tan-led property developer said the ratings agency maintained that rating — the highest it could bestow — because of its “robust liquidity, sound capitalization and strong management, as well as favorable industry outlook.”