Cainta—(PHStocks)—Credit Rating and Investors Services Philippines Inc. (CRISP) has re-affirmed Sta. Lucia Land Inc.’s (PSE: SLI) “AA+” issuer rating based on the following factors: stable financial performance; expanding landbank; and on-going brand building activities.
Emmanuel A. Leyco, president of CRISP, stated, “CRISP is pleased to note SLI’s stable financial performance, growth and stability through its successful joint venture strategy and its own expanding landbanking activities. CRISP is also very optimistic with the on-going brand building activities that are expected to solidify SLI’s brand reputation and firm market acceptance. This assessment is based on our discussion during our recent meeting, financial statements and other market documents that were reviewed by the committee and CRISP’s own data that were accessed through various sources.”
SLI, on its 10th year as a public listed company, sees this as a testament to its continuing growth and excellence in its commitment to provide quality real estate developments.