LGUGC gets Aa credit rating

MANILA, Philippines - LGU Guarantee Corp. (LGUGC) has received a PRS Aa plus (corp.) issuer credit rating from Philippine Rating Services Corp. (PhilRatings) after its rating review for the third year. LGUGC is an institution that guarantees local government unit (LGU) debt and development financing in the Philippines. A PRS Aa plus (corporate)-rated company is defined as “companies rated PRS Aa (corporate) differ from the highest rated corporations only to a small degree, and have a strong capacity to meet their financial commitments relative to that of other Philippine corporations.  A plus or a minus sign is added to further qualify the ratings.”