“The Ayala brand provides a premium and is a major competitive advantage over other domestic property companies. Management’s track record spans decades, enabling it to take advantage of industry upturns while anticipating and weathering difficult challenges,” PhilRatings said. MANILA, Philippines - Property giant Ayala Land Inc. (ALI) has retained the highest credit rating of PRS Aaa for its P4-billion bond issue. According to domestic credit watcher PhilRatings, with obligations rated PRS Aaa are of the highest quality with minimal credit risk, with the obligor’s capacity to meet its financial commitment on the obligation extremely strong. The rating reflects ALI’s solid brand equity and seasoned management, strong profitability, cash flow and liquidity as well as the company’s sound capitalization structure. The rating also considers the relatively positive outlook for the Philippine property sector in the short- to medium-term. “The Ayala brand provide...