S&P upgrades Meralco’s long-term credit rating to investment grade
by Adam J. Ang | Business World S&P Global Ratings has affirmed its BBB- investment-grade credit rating for Manila Electric Co. (Meralco) with a stable outlook as the listed firm takes on the impact of lower energy sales in 2020 and the delay in resetting its...
Robust Meralco withstands virus
Daily tribune Its robust capital structure will allow dominant electricity distributor Manila Electric Co. (Meralco) to withstand lower energy sales volume this year amid the coronavirus disease 2019 (COVID-19) outbreak, Standard and Poor’s Global Ratings...
