Sy property firm’s P20B bonds get highest rating
Integrated property giant SM Prime Holdings Inc.’s proposed P20 billion bond offering obtained a triple-A credit rating from the Philippine Rating Services Corp. (Philratings).
This is the highest rating assigned by Philratings, indicating that such obligations are of the highest quality with minimal credit risk.
The rating also reflects SM Prime’s strong capcity to meet its financial obligations.
The bonds form part of the company’s proposed three-year debt securities program amounting to as much as P60 billion.