Citicore scores strong credit grade on surging power sales, pipeline

Citicore scores strong credit grade on surging power sales, pipeline

Citicore Renewable Energy Corp. (CREC) has received an issuer credit rating of PRS Aa Plus (corp.) with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings), driven by the company’s rapid expansion and earnings growth.An Issuer Credit Rating reflects an opinion on a company's overall creditworthiness and its ability to meet all financial obligations within a one-year horizon. A rating of PRS Aa (corp.) indicates a strong capacity…