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The Philippine Rating Services Corporation (PhilRatings) has assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, to Filinvest Development Corporation (FDC) in relation to the company’s maiden offering of up to P8.0 billion in preferred shares. The PRS Aaa (corp.) rating is the highest Issuer Credit Rating awarded by PhilRatings and reflects FDC’s very strong capacity to meet its financial commitments relative to other Philippine corporates. This rating considers a one-year time horizon and is an overall opinion of the company’s general creditworthiness. A Stable Outlook indicates that the assigned rating is likely to be maintained in the next 12 months.
PhilRatings, likewise, maintained its Issue Credit Rating of PRS Aaa, with a Stable Outlook, for FDC’s P10.0 billion outstanding bonds. Obligations rated PRS Aaa are of the highest quality and carry minimal credit risk, with the obligor demonstrating extremely strong capacity to meet financial commitments. According to the PhilRatings report, the assigned credit ratings and outlook are underpinned by FDC’s “experienced and professional management, proven track record and established brand names of key revenue contributors, solid profitability on the back of sustained growth in earnings, and conservative capital structure.” “The ratings assigned by PhilRatings reflect the strength of our fundamentals, the resilience of our portfolio, and the prudent financial stewardship that guides our long-term strategy,” said Rhoda Huang, President and CEO of Filinvest Development Corporation. “We remain committed to strengthening our businesses across industries to deliver value to our stakeholders and contribute meaningfully to enabling Filipino dreams.” The rating is expected to lift investor confidence in FDC’s financial soundness and underscores the company’s strength as one of the country’s leading conglomerates. The preferred shares offering consists of Series A Preferred Shares and Series B Preferred Shares with initial dividend rates of 6.6253% and 7.1087%, respectively, at an offer price of P1,000.00 per share. The offer period is from July 21-31, 2025. The shares will be listed and traded on the Main Board of The Philippine Stock Exchange. Filinvest Development Corp. (FDC) is one of the leading and diversified conglomerates in the Philippines. Through its diverse businesses, FDC has established a strong reputation as a dependable partner in economic development. FDC currently has strategic holdings in key industries such as real estate development and leasing (Filinvest Land Inc. & Filinvest Alabang Inc.), banking and financial services (EastWest Bank), hotel and resort management (Filinvest Hospitality Corp.), power generation (FDC Utilities Inc.), and sugar (Pacific Sugar Holdings Corp.). FDC aims to grow this legacy of success by continuing to strengthen its position in the industries where it competes and embarking on new endeavors that will bolster its role in nation building. |
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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