Arthaland keeps strong credit rating

MANILA, Philippines — Listed real estate developer Arthaland Corp. has kept a strong credit rating for its P6 billion green bonds.

The Philippine Rating Services Corp. (PhilRatings) maintained the issue credit rating of PRS Aa with a stable outlook for Arthaland’s outstanding green bonds.

Obligations rated PRS Aa are of high quality and are subject to very low credit risk. Further, the obligor’s capacity to meet its financial commitment on the obligation is very strong.

A stable outlook, on the other hand, is assigned when a rating is likely to be maintained or to remain unchanged in the next 12 months.

The rating and outlook were assigned given Arthaland’s good reputation and experience in developing premium green certified buildings and its ability to grow and compete in its chosen segment despite the presence of larger and more established competitors.