Cirtek outlook rated stable

Jan 13, 2021

Cirtek outlook rated stable

Malaya Business Insight

Philippine Rating Services Corp. (PhilRatings) assigned an issuer credit rating of PRS A (corp.), with a stable outlook, for Cirtek Holdings Philippines Corp. (CHPC).

This is in relation to the company’s three-year shelf registration for commercial papers (CPs) of up to P2 billion.

A company rated PRS A (corp.) has an above average capacity to meet its financial commitments relative to that of other Philippine corporates.

The rating and outlook were assigned given the following key considerations: manageable liquidity and capitalization levels; the Cirtek Group’s established track record in the industry, supported by a strong and experienced management team that has navigated the Group through economic cycles, crises, and industry challenges; CHPC’s strong customer base of well-established and global companies, diversified in terms of region and industries; improved profit margins despite lower revenues, attributable to the company’s cost management efforts; and highly competitive and cyclical industry that is susceptible to adverse changes in various economies and characterized by the presence of larger international players.

  • Jan 13, 2021

    Cirtek gets ‘PRS A’ rating on proposed P2-b fund-raising

    Cirtek gets ‘PRS A’ rating on proposed P2-b fund-raising

    Cirtek Holdings Philippines Corp. said Wednesday it received a credit rating of PRS A (corp.)

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  • Jul 08, 2020

    Press Release  -  July 08, 2020

    Press Release - July 08, 2020

    Quintel USA, Inc., a subsidiary of Cirtek Holdings Philippines Corp (CHPC)

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  • Mar 11, 2022

    Cirtek bags green sustainability certification

    Published by Malaya

    Cirtek Holdings Philippines Corp.’s subsidiaries Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI), have recently passed their ISO 14000 audits with zero non-conformance.

    The certification provides assurance a company effectively established and maintains adequate environmental standards as well as management systems.

    Organizations holding an ISO 140001 certificate adhere to the international environmental laws and regulations, run their operations with the aim of preventing pollution, and continuously strive to improve its environmenta...

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