The Japan Credit Rating Agency, Ltd. (JCR) has reaffirmed Ayala Corporation’s A- long-term foreign currency issuer rating, keeping its outlook stable. The decision reflects confidence in the company’s wide-ranging business portfolio, consistent earnings performance, and careful financial management.
As one of the Philippines’ largest and most diversified conglomerates, Ayala holds key investments across major sectors including banking, real estate, telecommunications, renewable energy, healthcare, logistics, and education. JCR pointed out that its strong credit standing is backed by solid contributions from its core businesses, reliable cash flow generation, good growth prospects, and a healthy financial position.
In response, Ayala chief finance and risk officer Juan Carlos L. Syquia stated that the rating reaffirms the strength of the group’s strategy, particularly its focus on careful capital spending, risk control, and maintaining a robust balance sheet. The company also recognized Mizuho Bank for its advisory support throughout the rating process.
Executive director and treasurer Estelito C. Biacora added that the confirmed rating gives Ayala greater flexibility to access affordable financing options, such as Samurai hedged loans, even amid uncertain market conditions. Moving forward, the group remains committed to keeping its finances flexible and liquid while continuing to pursue sustainable growth across its various businesses.
