Friday, 18 July 2025, 3:42 am

    D&L keeps top credit rating, outlook stable

    D&L Industries Inc. has retained its top-tier credit rating of PRS Aaa with a Stable Outlook from the Philippine Rating Services Corp. (PhilRatings) for its ₱2 billion outstanding fixed-rate bonds, reflecting continued investor confidence in the company’s financial health and market resilience.

    PhilRatings said the PRS Aaa rating denotes minimal credit risk and an “extremely strong” capacity to meet financial commitments—the highest rating it assigns. A stable outlook suggests the rating is unlikely to change over the next 12 months.

    The reaffirmation underscores D&L’s strong position across multiple industries, robust export performance, and product diversification. With operations in food ingredients, oleochemicals, specialty plastics, and consumer product manufacturing, D&L caters to both niche and essential sectors globally.

    Exports accounted for 34 percent of total revenue in Q1 2025, with plans to increase this to 50 percent as the company ramps up production at its Batangas plant. President and CEO Alvin D. Lao expressed optimism, citing growing profitability and steady cash flow as key drivers of sustained dividend payouts.

    “Our portfolio is focused on essential industries. This allows us to stay relevant and continue growing despite global changes,” Lao said.

    PhilRatings highlighted D&L’s innovation-driven specialty products, manageable debt, and strong revenue base, positioning the company well amid competitive and evolving market conditions.

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