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.

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