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                    [ArticleID] => 207603
                    [Title] => S&P downgrades Meralco forex rating
                    [Summary] => Global ratings agency Standard & Poor’s (S&P) has downgraded Manila Electric Co.’s (Meralco) foreign currency rating for the second time in only two months.


S&P said it downgraded Meralco’s "B-" rating to "CCC" and its outlook was negative, reflecting the rating agency’s concerns that the company would not be able to meet financial obligations amounting to  P12 billion this year. 


                    [DatePublished] => 2003-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [SectionUrl] => business
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CORPORATE AND INFRASTRUCTURE

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                    [ArticleID] => 207603
                    [Title] => S&P downgrades Meralco forex rating
                    [Summary] => Global ratings agency Standard & Poor’s (S&P) has downgraded Manila Electric Co.’s (Meralco) foreign currency rating for the second time in only two months.


S&P said it downgraded Meralco’s "B-" rating to "CCC" and its outlook was negative, reflecting the rating agency’s concerns that the company would not be able to meet financial obligations amounting to  P12 billion this year. 


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S&P downgrades Meralco forex rating

By Des Ferriols | May 26, 2003 - 12:00am

Global ratings agency Standard & Poor’s (S&P) has downgraded Manila Electric Co.’s (Meralco) foreign currency rating for the second time in only two months. S&P said it downgraded Meralco’s...

Business