PhilRatings has assigned its highest credit rating of PRS Aaa to Energy Development (EDC) Corporation's bond issue. While EDC has applied for registration with the Securities and Exchange Commission (SEC) for bonds of up tp Php 10.0 billion. The bonds will be issued with a term of 5-1/2 years and 7 years. Obligations rated PRS Aaa are the highest quality with minimal credit risk. The obligor's capacity to meet its financial commitment on the obligations is extremely strong.
Click here for EDC PSE disclosure.
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