MANILA, Philippines — Arthaland Corp.’s planned P3 billion fixed-rate ASEAN green bond offering secured a PRS Aa minus rating from the Philippine Rating Services Corp., a notch below the highest credit grade on the credit agency’s scale. The issue, which forms part of the company’s three-year shelf registration of up to P6 billion, has also been assigned an issue credit rating of PRS Aa minus. The bonds mark the first green issuance provided with a credit rating by PhilRatings. All of the company’s completed and on-going projects are at least dual certified with the Philippine Green Building Council’s (PHILGBC) Building for Ecologically Responsive Design Excellence (BERDE), and with the US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED). A plus or minus sign may further qualify a credit rating.

Source: Philippine Star November 13, 2019 16:08 UTC