The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market. The draft circular aligns local rules with international standards and expands coverage to more financial instruments including bonds, structured products, and sustainability-linked securities. Key changes include higher minimum capital requirements rising from P50 million at accreditation to P70 million after three years, stronger governance with a majority of independent directors, and clear separation between business and rating teams. Lead analysts will also face term limits of four years with a two-year break to avoid conflicts of interest. The public may submit comments until July 23.
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Energy & Mining
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Energy & Mining
ERC suspends grid delivery fee for energy storage during emergencies
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Energy & Mining
First Gen confirms $5B non-binding offer for EDC from Indonesian firm
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