Filinvest Land retains triple A rating on its bonds — PhilRatings

Local credit rating agency PhilRatings has kept its triple A evaluation for bonds of Filinvest Land Inc., which has P14.5 billion worth of outstanding bonds and P4 billion more to be issued this June.

 

PhilRatings said it maintained the “Aaa” mark  on Filinvest because of its strong income flows, conservative management of its debts, and financial flexibility.

 

The local debt watcher noted that 38 percent of Filinvest's sales are traced to the Overseas Filipino Worker (OFW) market.

 

Filinvest has over 100 real estate development projects in 39 cities. It also has a "land bank" of 2,251 hectares as of December 2012.  — ELR, GMA News