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Brix Lelis - The Philippine Star
December 16, 2025 | 12:00am
The local debt watcher assigned an issue credit rating of PRS Aa with a stable outlook on ACR’s commercial papers, citing the company’s strategic partnerships, diversified portfolio, expansion efforts and consistent profitability.
BusinessWorld / File
MANILA, Philippines — Alcantara-led Alsons Consolidated Resources Inc. (ACR) has earned a high credit score from Philippine Ratings Services Corp. (PhilRatings) for its P3-billion commercial paper program.
The local debt watcher assigned an issue credit rating of PRS Aa with a stable outlook on ACR’s commercial papers, citing the company’s strategic partnerships, diversified portfolio, expansion efforts and consistent profitability.
A commercial paper is a short-term, unsecured debt instrument used to fund short-term financial obligations and is typically issued by companies with high credit ratings.
PRS Aa denotes that the commercial papers are of high quality with very low credit risk. It also indicates that the issuer has a “very strong” capacity to meet its financial commitment to the obligation.
A stable outlook, on the other hand, suggests that the credit rating is likely to be maintained or remain unchanged in the next 12 months.
“The higher credit rating from PhilRatings reflects confidence in the group’s purpose, business stability, financial strength and strategic direction,” ACR chief financial officer Roberto Joaquin Ramos said.
“The trust bestowed upon us amplifies our motivation in providing more efficient, reliable and sustainable energy in the regions we serve,” Ramos said.
At present, ACR owns and operates six power plants with a total installed capacity of around 515 megawatts across Visayas and Mindanao.
Its portfolio includes the Sarangani Energy Corp. in Sarangani, Western Mindanao Power Corp. in Zamboanga City, Mapalad Power Corp. in Iligan, Mapalad Power Corp. in Ubay, Southern Philippines Power Corp. in Alabel and Siguil Hydro Power Corp. in Sarangani.
“Our expansion in various hydro and solar power projects in Mindanao and the Visayas reinforces our position.
