Philippine Rating Services Corp. (PhilRatings) affirmed its PRS Aa plus (corp.) issuer credit rating and its ASEAN Green Bonds’ PRS Aa plus rating, both with a stable outlook since 2022.
These ratings highlight CREIT’s low credit risk, strong profitability, and robust financial position as it capitalizes on the country’s growing demand for renewable energy.
Management’s view
“Sustaining the PRS Aa+ credit rating from PhilRatings, for both the company as an issuer and the company’s maiden ASEAN Green Bond, is a testament to the company’s strong financial position and profitability as the foremost Energy REIT in the Philippines, delivering superior yields from its green asset portfolio,” said CREIT president and CEO Oliver Tan.
“We intend to continue as a platform that empowers investments, ensuring that our debt instruments are trusted by creditors and investors,” he added.
Biggest clean energy landlord
The company’s fully leased portfolio, backed by reputable shareholders, ensures stability in a crisis-proof industry.
Since issuing its P4.5-billion oversubscribed ASEAN Green Bonds in 2023, CREIT has expanded its green asset holdings to 7.1 million square meters, making it the nation’s largest renewable energy landlord.
With 100 percent occupancy from solar operators, the company has consistently delivered dividends above market standards since its 2022 stock market debut.
