➥ 1982
Founded as CIBI Ratings (a department of the Credit Information Bureau, Inc.)
➥ 1985
Started providing credit rating services as part of Credit Information Bureau, Inc. (now known as CIBI Information, Inc.)
➥ 1995
Assigned, for the first time, its highest short-term credit rating of PRS 1 to Coca Cola Bottlers Philippines, Inc.’s Php 500-million short-term commercial papers (STCPs) and to Ayala Land, Inc.’s Php 1.0-billion STCPs
➥ 1996
Assigned, for the first time, its highest long-term credit rating of PRS Aaa to Coca Cola Bottlers Philippines, Inc.’s Php 2.3-billion long-term commercial papers (LTCPs), Ayala Corporation’s Php 1.0-billion LTCPs, and Pilipinas Shell Petroleum Corporation’s Php 2.0-billion LTCPs
➥ 1998
Became a separate and independent entity known as PhilRatings
➥ 2001
Became a founding member of ACRAA
Rated its first bond issue – Bases Conversion Development Authority’s (BCDA) Php 2.0-billion bond issue
Issued its first corporate credit rating for Berkley International Plans, Inc.
➥ 2003
PhilRatings became the first local credit rating agency to be recognized by the Bangko Sentral ng Pilipinas (BSP) for bank supervisory purposes
Rated its first securitization transaction – the MRT III Funding Corporation Notes
➥ 2004
SEC approved PhilRatings’ accreditation as a credit rating agency
Rated its first bank – Bank of Commerce
➥ 2006
Completed private credit ratings of Local Government Units (LGUs)
Rated its first corporate notes issue – Manila North Tollways Corporation’s Php 5.5-billion corporate note
➥ 2009
Rated its largest bond issue to date – San Miguel Brewery, Inc.’s (SMBI) Php 38.8 billion bond issue
➥ 2016
Rated its first shelf registration – Ayala Land, Inc.’s 3-year 2016 Debt Securities Program (DSP) of up to Php 50.00 billion
➥ 2017
Rated a domestic reinsurer – National Reinsurance Corporation of the Philippines (NRCP)
➥ 2018
Began rating bank loans
➥ 2019
Rated its first ASEAN Green Bond Issue – Arthaland Corporation’s Php 3.0-billion bond issue
➥ 2020
Rated the Philippines’ first Real Estate Investment Trust (REIT) – AREIT, Inc.
➥ 2021
Rated the first project finance transaction – Solar Philippines Tarlac Corporation’s proposed Project Bonds of up to Php 4.15 billion