The planned P10-billion maiden Peso Green Bond offering of AC Energy Corporation (ACEN) has been given the highest PRS Aaa issue credit rating with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings).
The planned P10-billion maiden Peso Green Bond offering of AC Energy Corporation has been given the highest PRS Aaa issue credit rating with a Stable Outlook by Philippine Rating Services Corporation .
A Stable Outlook, on the other hand, indicates that the rating is likely to be maintained in the next 12 months. Also factored in is the strong support from ACEN’s ultimate shareholder Ayala Corporation and its well-experienced management. As of June 28, 2022, the Company had a total net attributable capacity of 3,885 MW, of which 87 percent is renewable.
The development of these projects is intended to help ACEN attain its objective of reaching 5,000 MW in attributable RE capacity, which the company says it is confident of reaching before 2025.
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