Aboitiz Equity Ventures, Inc. (AEV) has secured an “A-” foreign currency long-term issuer rating with a “Stable” outlook from Japan Credit Rating Agency, Ltd., reinforcing the conglomerate’s investment-grade standing as it accelerates expansion across power, banking, infrastructure, and consumer businesses.
In its assessment, JCR cited AEV’s “strong and stable business base and cash flow generation,” pointing to the company’s diversified earnings portfolio and disciplined capital allocation strategy.
The agency noted that non-power businesses accounted for 42 percent of AEV’s beneficial EBITDA in 2025, underscoring the group’s long-term effort to reduce reliance on its power segment and build a more balanced earnings base.
JCR identified AboitizPower as the group’s primary earnings driver while highlighting the growing contributions of Union Bank of the Philippines, Aboitiz InfraCapital, and Coca-Cola Europacific Aboitiz Philippines in expanding AEV’s exposure to infrastructure and consumer-led sectors.
The rating agency also cited the conglomerate’s investments in renewable energy, liquefied natural gas, airports, water infrastructure, and digital infrastructure as key drivers of long-term growth. JCR added that the planned strategic partnership between Aboitiz InfraCapital and Global Infrastructure Partners is expected to further strengthen AEV’s infrastructure platform.
According to JCR, AEV is expected to maintain a sound financial position despite global market volatility, elevated fuel costs, and geopolitical uncertainties, supported by long-term contracted power sales, diversified operations, and conservative financial policies.
Sabin M. Aboitiz, president and chief executive officer of the Aboitiz Group, said the rating reflects the resilience of the conglomerate’s operating businesses and validates its long-term growth strategy.
AEV said the latest rating enhances its standing in global capital markets as it continues to pursue expansion while maintaining financial discipline.
