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Aug 30, 2016 @ 6:01

SL Agritech issuing P1.5-B STCP for expansion

MANILA, Philippines – Leading hybrid rice producer SL Agritech Corp. is issuing up to P1.5 billion worth of short-term commercial papers to fund its continued expansion.

The company was assigned an issuer rating of PRS Aa (corp.) by Philippine Rating Services Corp. The rating means the issuer has a strong capacity to meet its financial commitments relative to that of other Philippine corporates.

An issuer rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a one-year period.

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