MARY ELLEN OLSON

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                    [ArticleID] => 207603
                    [Title] => S&P downgrades Meralco forex rating
                    [Summary] => Global ratings agency Standard & Poor’s (S&P) has downgraded Manila Electric Co.’s (Meralco) foreign currency rating for the second time in only two months.


S&P said it downgraded Meralco’s "B-" rating to "CCC" and its outlook was negative, reflecting the rating agency’s concerns that the company would not be able to meet financial obligations amounting to  P12 billion this year. 


                    [DatePublished] => 2003-05-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 206551
                    [Title] => Meralco won’t apply for new basic rate hike till ERC acts on its motion
                    [Summary] => The Manila Electric Co. (Meralco) has no immediate plans to apply for another basic rate increase until the Energy Regulatory Commission (ERC) resolves the company’s motion for reconsideration on its unbundling rate hike petition. 


"That is still pending with the ERC. So, there is no need for us to file for another one while one is still pending," Meralco president Jesus Francisco said in a phone interview on Friday. 


                    [DatePublished] => 2003-05-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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S&P downgrades Meralco forex rating

By Des Ferriols | May 26, 2003 - 12:00am

Global ratings agency Standard & Poor’s (S&P) has downgraded Manila Electric Co.’s (Meralco) foreign currency rating for the second time in only two months. S&P said it downgraded Meralco’s...

Business

Meralco won’t apply for new basic rate hike till ERC acts on its motion

By Donnabelle L. Gatdula | May 18, 2003 - 12:00am

The Manila Electric Co. (Meralco) has no immediate plans to apply for another basic rate increase until the Energy Regulatory Commission (ERC) resolves the company’s motion for reconsideration on its unbundling...

Business