JCR reaffirms Ayala Corp.’s A- issuer rating (opens original article in a new tab)

JCR reaffirmed Ayala Corp.'s A- issuer rating with a stable outlook, citing its diversified portfolio and financial management. The rating is expected to support access to funding sources, including the Japanese debt market.

• JCR reaffirmed Ayala Corp.'s A- foreign currency long-term issuer rating with a stable outlook.
• The rating is based on Ayala's diversified business portfolio, earnings base, and financial management.
• The reaffirmation is expected to support Ayala's access to funding sources, including Samurai hedged loans in Japan.