INQUIRER.net: MRT-3 debt gets ratings upgrade

INQUIRER.net Philippine News for Filipinos

MRT-3 debt gets ratings upgrade Jul 21st 2013, 23:26 MANILA, Philippines—Philippine Ratings Services Corp. (PhilRatings), a debt watcher, has upgraded the rating of the Metro Rail Transit Line 3's debt.   In a statement, PhilRatings said the asset-backed notes issued by MRT III Funding Corp. had been upgraded from PRS A minus to PRS A plus for the so-called Tranche 2-F. Its so-called Tranches 2G and 3 was upgraded from PRS A minus to PRS A.   A PRS A rating indicates favorable investment attributes considered as upper-medium grade obligations.   "Although obligations rated PRS A are somewhat more susceptible to the adverse effects of changes in economic conditions, the obligor's capacity to meet... Keep on reading: MRT-3 debt gets ratings upgrade Media files: MRT.jpg (image/jpeg)

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