Ayala Land, Inc.’s (ALI) P4.0 Billion Bonds due in 2013 were given an issue rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). The company’s outstanding P2.0 Billion Bond issue maturing this November 2008 likewise maintained its PRS Aaa rating.
A rating of PRS Aaa is given to debt obligations with the smallest degree of investment risk. This is the highest possible credit rating on the PhilRatings scale.
For the complete press release on ALI’s P4.0 Billion Bond issue rating and for other credit rating related news and articles, please visit www.philratings.com