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Byline: Neil Jerome C. Morales
DEBT WATCHER Philippine Rating Services Corp. (PhilRatings) has retained the top credit score it assigned to Aboitiz Power Corp.'s almost P7 billion worth of debt instruments, citing the power generator's strong cash flow.
"PhilRatings has maintained the existing PRS Aaa issue ratings for Aboitiz Power's outstanding P3.89-billion corporate notes and P3-billion fixed-rate bonds," the credit rater said in a statement yesterday.
The corporate notes …