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Philippine Weekly Update
Is a 4-page report e-mailed or faxed to members every Monday morning.
VOLUME I, NO. 33 Aug. 23 - 29, 2010
CORPORATE BRIEFS
San Miguel Brewery Inc. (SMB) has retained the PRS Aaa credit rating from Philippine Rating Services Corp. for its outstanding P38.8-billion bond issue...PhilRatings explained that obligations rated PRS Aaa are of the highest quality, with minimal credit risk, as the issuer’s capacity to meet its financial commitment on the obligation is extremely strong...Series A of the bonds, amounting to P13.59 billion, will mature in 2012 while Series B, amounting to P22.4 billion, will mature in 2014. Series C (amounting to P2.81 billion) will mature in 2019...
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