9. Former name or former address, if changed since last report
Not applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares
1,127,098,705
Debt Securities (Bonds in Billion PhP)
18.5
11. Indicate the item numbers reported herein
Item 9 (Other Events)
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Manila Electric CompanyMER
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Standard and Poors Rating Upgrade
Background/Description of the Disclosure
Please be informed that on June 21, 2017, S&P Global Ratings (S&P) raised its long-term corporate credit rating on Meralco to ‘BBB-‘ from ‘BB+’. At the same time, S&P raised the ASEAN regional scale rating on the Philippines-based power distributor to ‘axA-’ from ‘axBBB+’.
The stable outlook reflects S&P’s “anticipation that Meralco will grow moderately, maintain stable margins, and smoothly execute its capital expenditures and investments.”