Alsons Consolidated Resources Inc. (ACR) has received a higher credit rating from Philippine Rating Services Corp. (PhilRatings), which upgraded the company’s issuer credit rating to PRS Aa with a stable outlook.
The new rating is an improvement from last year’s PRS Aa– rating and applies to ACR’s P3 billion commercial paper program. As of November 17, 2025, about P1.16 billion of the program remains outstanding.
PhilRatings said the upgrade was driven by ACR’s strategic partnerships, diversified businesses in power generation and land development, expansion plans, and steady profitability supported by positive cash flows.
A PRS Aa rating indicates a strong capacity to meet financial obligations, while the stable outlook suggests the rating is expected to be maintained over the next 12 months.
ACR chief financial officer Roberto Joaquin Ramos said the higher rating reflects confidence in the group’s business stability, financial strength, and long-term strategy. He added that the company’s ongoing hydro and solar projects in Mindanao and the Visayas strengthen its role as a reliable energy partner.
ACR operates six power plants in the Visayas and Mindanao with a combined installed capacity of about 515 megawatts, made up of coal-fired and renewable energy facilities. The company is the investment holding firm of the Alcantara Group, with core interests in power generation and land development.
