SL Agritech Corporation (SLAC), a leading producer of hybrid rice seeds and premium rice in the Philippines, is planning to raise up to P4 billion from the issuance of commercial papers.
SL Agritech Corporation , a leading producer of hybrid rice seeds and premium rice in the Philippines, is planning to raise up to P4 billion from the issuance of commercial papers.
A company rated PRS Aa differs from the highest-rated corporates only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Philippine corporates. Philratings also factored-in the Company’s sustained profitability in terms of absolute values, but margins have been generally declining, as well as the manageable impact of increasing economic uncertainty, as the Company’s products are considered as staples in the Philippines.
In addition, the Company has taken steps to expand the production of its hybrid rice seeds in neighboring countries such as Myanmar, India and Indonesia.
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