Business

JG Summit’s PhP30B in Bonds Keep Top Rating

Philippine Rating Services Corp. (Philratings) maintained the top rating for the PhP30 billion worth of bonds of Gokongwei-led JG Summit Holdings Inc. (PSE: JGS), citing its strong liquidity position and stable businesses, a statement showed.

Philratings said it had kept its PRS Aaa rating, which implies minimal credit risk, for the conglomerate’s debt. The rating, moreover, has a “stable” outlook, it added.

Read More

Source: Philippine Daily Inquirer

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.