Monthly Archives: October 2003

MRT III’s Asset-Backed Securities (ABS) Rated PRS Aa

“MRT III Funding Corporation’s (MRT III) ABS have been rated PRS Aa,” PhilRatings announced as it completed its first credit rating of ABS. Tranche details of the ABS are as follows:

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ALI’s New P2.0 Billion Bond Still Rated PRS Aaa

“Ayala Land, Inc.’s (ALI) proposed bond issue amounting to P2.0 billion is rated PRS Aaa,” PhilRatings announced as it also maintained the PRS Aaa rating for ALI’s outstanding P3.0 billion bonds, maturing in 2007 and the PRS 1 on ALI’s P1 billion in short-term commercial papers (STCPs). Both PRS Aaa and PRS 1 are the […]

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PCI Leasing’s P100 Million STCPs Rated PRS 1

Philippine Rating Services Corporation (PhilRatings) announced that PCI Leasing and Finance Inc.’s (PCI Leasing) P100 million in short-term commercial papers (STCPs) have been assigned a rating of PRS 1. A rating of PRS 1 is defined as: “Strongest capability for timely payment of debt instrument issue on both interest and principal.”

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