S&P Global Ratings upgraded by a notch the credit rating of power utility giant Manila Electric Co. (Meralco) amid confidence in the company’s financial status coupled with the growth of its energy generation business. In a report released on Tuesday, the credit watcher raised Meralco’s rating to ‘BBB’ from the minimum investment grade of “BBB-”.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.