Stable recurring income By: Doris C. Dumlao Philippine Daily Inquirer 12:42 am | Monday, January 9th, 2012 Local credit watcher Philippine Ratings Services Corp. has maintained a triple-A rating on Gokongwei-led property developer Robinsons Land Corp.’s (RLC) debt paper. Obligations rated “PRS Aaa” are deemed of the highest quality with minimal credit risk and suggested that the borrower’s capacity to meet its financial commitment on the obligations was extremely strong. Such rating was maintained on RLC’s P10-billion outstanding bonds maturing in 2014. In its rating assessment, Philratings noted that RLC was adopting a diversified business model wherein its property portfolio was grouped into two components: investment and development. “Considering current market developments and conditions both globally and locally, RLC is now investing more in malls, office buildings and hotels while taking a more conservative stance in relation to the development of reside
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