The Philippine Rating Services Corporation, known as PhilRatings, is a credit rating agency in the Philippines. It was established in 1982 as part of the Credit Information Bureau, Inc., a joint initiative of the Philippine Securities and Exchange Commission, the Central Bank of the Philippines and the Financial Executives Institute of the Philippines, and it began assigning ratings in 1985. PhilRatings became an independent entity in 1998 while remaining wholly owned by the CIBI Foundation, and it is an affiliate of Standard & Poor's. Based in Makati, it evaluates creditworthiness across bonds, commercial paper, banking institutions, local government units, project financing and asset-backed securities. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Founding YearFounded 1982 as CIBI Ratings under the CIBI Foundation; became a separate company, Philippine Rating Services Corporation, in 1998. Classification
Institution Subtype In the Other Atlases
Sources
1. Philippine Rating Services Corporation (Wikipedia)
Wikipedia, History section
PhilRatings was founded as CIBI Ratings, part of the Credit Information Bureau, Inc., known as the CIBI Foundation, which was set up in 1982 by the Philippine Securities and Exchange Commission, Central Bank of the Philippines (now Bangko Sentral), and the Financial Executives Institute of the Philippines.
Introduction, institution-subtype
The Philippine Rating Services Corporation, known as PhilRatings, is a credit rating agency in the Philippines.
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