Asialink gets issuer ratings with ‘stable’ outlook from S&P, Moody’s

ASIALINK Finance Corp. (AFC) has received “BB” long-term and “B’ short-term issuer ratings from S&P Global Ratings and a “Ba2” long-term corporate family rating (CFR) from Moody’s Ratings, with both debt watchers citing the company’s market leadership and strong capital position.

- K.K. Chan

This is the first time that the two debt watchers assigned ratings for the nonbank financial institution. They both gave “stable” outlooks for their respective below investment-grade assessments, which means the ratings are unlikely to change in the near term.

“Our ratings on Asialink reflect our view that the company will maintain its leadership in Philippines’ refinancing and secondhand auto loan segments over the next 12-24 months,” S&P Global said in a statement. “The company has strong capitalization, boosted by a significant equity infusion from its financial sponsor — Creador, a private equity fund.”