Ayala Corp. said it received an inaugural “A-” foreign currency longterm issuer rating from Japan Credit Rating Agency Ltd. (JCR), enhancing its access to yen-denominated loans.
The rating, which aligns with the Philippine sovereign rating, comes with a stable outlook, Ayala said in a statement.
JCR cited Ayala’s strong business foundation across its four main segments—real estate, banking, telecommunications and renewable energy as well as its “relatively favorable” financial balance.
“This is an affirmation of Ayala’s strong credit and further enhances funding sources amidst the current market volatilities,” said Estelito Biacora, treasurer of Ayala Corp.
The “A-” rating indicates a “relatively high level of creditworthiness” and suggests Ayala has a strong capacity to meet its financial commitments, the company said. It will broaden Ayala’s investor base and facilitate
