Announcement
PHILRATINGS RATING COMMITTEE COMPOSITIONEffective October 1, 2009, Philippine Rating Services Corporation's (PhilRatings) Rating Committee will be composed of Rating Committee Chairman, Renato H. Peronilla and the PhilRatings analytical team. All members of the Rating Committee will be full-time employees of PhilRatings. This is consistent with the accepted practice of credit rating agencies worldwide.
PhilRatings likewise expresses its gratitude to Dr. Renato L. Paras, Dr. Jaime C. Laya and Ms. Carmelita G. Salgado who served as Rating Committee members from 2006 to September 2009.
NEWS ON PHILRATINGS
Credit rating is an important component of capital markets development. Through credit rating, improved disclosure and transparency are achieved, thereby making the financial markets more efficient.
The credit rating function in the Philippines started in 1985 when a company then known as Credit Information Bureau, Inc. (CIBI) began rating commercial papers as a requirement for registration with the Securities and Exchange Commission (SEC). Although credit rating has been on-going in the country for 23 years, continuous market education is still necessary. For a better understanding of credit ratings and the credit rating process, here are the
Publications - January 2010
We are pleased to inform you that for this year, Philippine Rating Services Corporation (PhilRatings) is adopting a policy of allowing a wider dissemination of PhilRatings' rating information to promote greater public awareness of specific debt securities investment opportunities. Hence, all PhilRatings' publications for this year will be free of charge. PhilRatings is making this special effort to further promote the growth and development of the Philippine capital market. In light of this, we would greatly appreciate it if you can send your email address to publication@philratings.com.ph.if you are interested to receive all our publications for this year.
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