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.
Source: Philippine Daily Inquirer