Axinan Labuan Limited
Philippine Rating Services Corporation (PhilRatings) has assigned a financial strength rating of PRS Baa plus, with a Stable Outlook, to Axinan Labuan Limited (Axinan). Axinan, which has a general insurance and reinsurance license from the Labuan1 Financial Services Authority (LFSA), is a subsidiary of Axinan Pte. Ltd. The latter operates under the brand Igloo and is one of Southeast Asia’s established digital insurance firms.
Axinan Labuan Receives Good Rating
Philippine Rating Services Corporation (PhilRatings) has assigned a financial strength rating of PRS Baa plus, with a Stable Outlook, to Axinan Labuan Limited (Axinan). Axinan, which has a general insurance and reinsurance license from the Labuan Financial Services Authority (LFSA), is a subsidiary of Axinan Pte. Ltd. The latter operates under the brand Igloo and is one of Southeast Asia’s established digital insurance firms.
Toyota Financial Services Philippines Corporation
Philippine Rating Services Corporation (PhilRatings) has assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, to Toyota Financial Services Philippines Corporation (TFSPH). The Issuer Credit Rating was assigned in relation to TFSPH’s planned bond issuance of up to ₱5.0 billion, which will be the initial tranche of the Company’s ₱20.0 billion Fixed Rate Bond Programme.
TFSPH Receives Highest Credit Rating
Philippine Rating Services Corporation (PhilRatings) has assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, to Toyota Financial Services Philippines Corporation (TFSPH). The Issuer Credit Rating was assigned in relation to TFSPH’s planned bond issuance of up to ₱5.0 billion, which will be the initial tranche of the Company’s ₱20.0 billion Fixed Rate Bond Programme.
National Reinsurance Corporation of the Philippines
National Reinsurance Corporation of the Philippines (NRCP), the country’s sole professional reinsurer, was assigned a financial strength rating of PRS A plus, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings).
NRCP Receives Strong Credit Rating
National Reinsurance Corporation of the Philippines (NRCP), the country’s sole professional reinsurer, was assigned a financial strength rating of PRS A plus, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings).
National Home Mortgage Finance Corporation
Philippine Rating Services Corporation (PhilRatings) has assigned Final Issue Credit Ratings of PRS Aa minus to the ₱1.0 billion Class A Senior Notes and PRS Baa to the ₱300.3 million Class B Subordinated Notes of National Home Mortgage Finance Corporation’s (NHMFC) proposed seventh securitization transaction (NHMFC Bonds 2024). The Outlook for both ratings is Stable.
NHMFC Bonds 2024 Senior Notes Gets Very Strong Credit Rating
Philippine Rating Services Corporation (PhilRatings) has assigned Final Issue Credit Ratings of PRS Aa minus to the ₱1.0 billion Class A Senior Notes and PRS Baa to the ₱300.3 million Class B Subordinated Notes of National Home Mortgage Finance Corporation’s (NHMFC) proposed seventh securitization transaction (NHMFC Bonds 2024). The Outlook for both ratings is Stable.
Asialink Finance Corporation
Philippine Rating Services Corporation (PhilRatings) has assigned an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook, to Asialink Finance Corporation (Asialink). Asialink is reportedly one of the fastest growing financing companies in the Philippines, with 192 branches nationwide as of July 2024. Asialink will use the assigned Issuer Credit Rating for its future fund-raising efforts.
Asialink Gets PRS A plus (corp.) Rating
Philippine Rating Services Corporation (PhilRatings) has assigned an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook, to Asialink Finance Corporation (Asialink). Asialink is reportedly one of the fastest growing financing companies in the Philippines, with 192 branches nationwide as of July 2024. Asialink will use the assigned Issuer Credit Rating for its future fund-raising efforts.