Credit watcher Philippine Rating Services Corp. (PhilRatings) assigned a credit rating of PRS Aa plus with a stable outlook to Solar Philippines Tarlac Corp.’s (Solar Tarlac) proposed P4.15-billion green bonds.
“Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The obligor’s capacity to meet its financial commitments on the obligation is very strong. A plus (+) or minus (-) sign may be used to further qualify a rating,” PhilRatings said.
Source:
