Ayala Corporation's proposed fixed rate bonds of up to P10 Billion due in 2027 obtained the highest issue credit rating of PRS Aaa
from the Philippine Rating Services Corporation (PhilRatings).
The proposed 15-year bond issue will be redeemable (in full but not in parts) by Ayala Corporation via call options starting on the 10th anniversary from issue date and every anniversary date thereafter until the 14th anniversary from issue date.
Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor's capacity to meet its financial commitment on the obligations is extremely strong. PRS Aaa is the highest rating assigned by PhilRatings.
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"Philippine Rating Services rates PRS Aaa to Ayala Corporation's P10 billion fixed rate bonds"
was written by Mary
under the Business
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comments. The article was created on 23 April 2012
and updated on 23 April 2012