ADB, BSP heads to keynote November 21 ACRAA conference

MANILA, Philippines - The Association of Credit Rating Agencies in Asia (ACRAA) marks its 15th anniversary with an international conference/symposium under the theme: “New Horizons for Credit Ratings” on Nov.21, 2016 at the Makati Shangri-La Hotel from 8:30 a.m. to 1:30 p.m.

Philippine Rating Services Corp., a founding member of ACRAA and the pioneer domestic credit rating agency, is co-hosting the event.

ACRAA was organized on Sept. 14, 2001 with strong sponsorship of ADB, and now has 29 rating agency members from 14 different Asian jurisdictions.

 Through joint training workshops, best practices dialogues and conferences, ACRAA aims to support the exchange of ideas, experience, information, and skills among Asia’s credit rating agencies (CRAs) to ensure the high quality and comparability of credit ratings across the region.

Central to this role is to promote the development of Asia’s bond market and cross-border investments.

Keynote speakers will be Asian Development Bank (ADB) president Takehiko Nakao, who will talk on “Bridging Asia’s Infrastructure Gap and Asian Financial Market Development”; and Bangko Sentral Ng Pilipinas Governor Amando Tetangco Jr., who will address the topic, “Financial Stability Through Regulatory Initiatives.”