Monthly Archives: May 2006

1st Valley Bank Rated PRS A plus (rb)

“1st Valley Bank (1st Valley), a rural bank operating in the Northwestern Mindanao region, is rated PRS A plus (rb),” PhilRatings announced. A rating of PRS A (rb) is defined as: “A rural bank rated PRS A is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than higher-rated rural […]

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City & Land’s Proposed P400 Million STCPs Rated PRS 2

“City & Land Developers, Incorporated (CLDI) will be issuing P400 million in short-term commercial papers (STCPs). The STCP issue is rated PRS 2.” A rating of PRS 2 is defined as: “Above average (strong) capability for payment of commercial paper issue on both interest and principal. This is normally evidenced by many characteristics of a […]

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