Filinvest Development Corporation (FDC) today announced that the Philippine Rating Services Corporation (PhilRatings) has assigned it the highest possible Issuer Credit Rating of PRS Aaa with a stable outlook. This top-tier rating was awarded in connection with FDC’s inaugural offering of up to in preferred shares.
The PRS Aaa rating signifies FDC’s extreme capacity to meet its financial commitments, positioning it favorably among Philippine corporations. This rating applies for a one-year time horizon and serves as an overall assessment of the company’s general creditworthiness. The Stable Outlook further indicates that this premier rating is expected to be maintained over the next 12 months.
In addition, PhilRatings has reaffirmed its PRS Aaa Issue Credit Rating, with a Stable Outlook, for FDC’s existing outstanding bonds. Obligations rated PRS Aaa are recognized as being of the highest quality with minimal credit risk, demonstrating an obligor’s extremely strong ability to fulfill financial commitments.
According to PhilRatings, the robust credit ratings and outlook are attributed to several key strengths:
- FDC’s experienced and professional management team.
- A proven track record and established brand names from its key revenue-generating businesses.
- Solid profitability is driven by sustained earnings growth.
- A conservative capital structure.
“The ratings assigned by PhilRatings reflect the strength of our fundamentals, the resilience of our portfolio, and the prudent financial stewardship that guides our long-term strategy,” said Rhoda Huang, President and CEO of Filinvest Development Corporation. “We remain committed to strengthening our businesses across industries to deliver value to our stakeholders and contribute meaningfully to enabling Filipino dreams.”
This top-tier rating is expected to significantly boost investor confidence in FDC’s financial soundness, underscoring its strength as one of the country’s leading conglomerates.
The preferred shares offering comprises Series A Preferred Shares and Series B Preferred Shares. The initial dividend rates are 6.6253% for Series A and 7.1087% for Series B, with an offer price of per share. The offer period is from July 21 to July 31, 2025. These shares will be listed and traded on the main board of the Philippine Stock Exchange.
Filinvest Development Corporation is one of the Philippines’ leading conglomerates, with diverse interests in real estate, banking, hospitality, power, and infrastructure. Committed to nation-building, FDC continues to innovate and expand its businesses, creating lasting value for its stakeholders and contributing to the economic development of the Philippines.
