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.
Jul 08, 2020
Quintel USA, Inc., a subsidiary of Cirtek Holdings Philippines Corp (CHPC)
Read moreJul 05, 2021
When Brian Liu stepped up to the role of CFO at electrical component manufacturer Cirtek Holdings Philippines Corporation in the middle of 2020, the world was undergoing intense upheaval as the maelstrom of the COVID-19 pandemic swirled.
Lockdowns, and production and logistical issues became commonplace around the world. So how did he tackle this huge new opportunity amid such turbulent times? The promotion from his former position as Executive Vice President at Cirtek Electronics, a Cirtek subsidiary, came as something of a surprise, Brian tells The CEO Magazine.
But while he...
Read moreJan 16, 2025
Published by Business Mirror
Laguna-based technology firm Cirtek Holdings Philippines Corp. said an American multinational semiconductor company has recognized its unit as the top contract manufacturer worldwide for the evaluation boards product line.
Analog Devices Inc. has recognized Cirtek Advanced Technologies and Solutions Inc. (CATSI) as the number one contract manufacturer during the fourth quarter of last year, the company said.
Analog specializes in data conversion, signal processing and power management technology.
CATSI previously held the number three position during the first and ...
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