D&L's manufacturing plant in Batangas

Lao’s D&L keeps top bond rating

April 29, 2024
2:26PM PHT

The Lao family’s manufacturing giant D&L Industries Inc. kept its top rating for outstanding bonds worth P5 billion, partly thanks to its strong balance sheet and growth prospects. 

Credit watcher Philippine Rating Services Corp. upheld D&L’s PRS Aaa rating, indicating minimal credit risk and an extremely strong financial commitment capability. 

This top-tier rating is complemented by a stable outlook, suggesting no expected changes within the next 12 months. 

Key factors influencing this rating include D&L's strong market position, diverse product offerings, innovative specialty products, stable profit margins despite increased costs, and conservative debt management. PhilRatings will continue to monitor D&L, noting that the rating and outlook may be adjusted as new information arises.

About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

Featured News
Explore the latest news from InsiderPH
Thursday, 13 August 2026
2 hours ago
‘Good for them’: MVP reacts to ABS-CBN’s P6-B capital raise
Gabby Lopez isn’t leaving: Family majority closes ranks around ABS-CBN
13 Aug 2026
11:49AM
‘Vote of confidence’: Lopez family, new investor raise P6B for ABS-CBN
12 Aug 2026
6:02PM
Lopez family branches line up P2.2-B lifeline for ABS-CBN after Ang deal
12 Aug 2026
4:47PM
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.