Aboitiz Power : Material Information/Transactions

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jan 17, 20222. SEC Identification Number C1998001343. BIR Tax Identification No. 200-652-460-0004. Exact name of issuer as specified in its charter ABOITIZ POWER CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code16348. Issuer's telephone number, including area code [phone]9. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value	7,358,604,307
Amount of Debt Outstanding (As of Sept. 30, 2021)	213,904,836,000.00

11. Indicate the item numbers reported herein 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Power CorporationAP PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

PhilRatings' Credit Rating of Aboitiz Power Corporation's Third Tranche Bonds

Background/Description of the Disclosure

Aboitiz Power Corporation's (the "Company") proposed issuance of an aggregate principal amount of up to Php10 billion fixed-rate retail bonds, including oversubscription, (the "Bonds") received a credit rating of "PRS Aaa" with Stable Outlook, from the Philippine Rating Services Corporation (PhilRatings). "PRS Aaa" is the highest credit rating on PhilRatings' long-term issue credit rating scale. According to PhilRatings, obligations rated 'PRS Aaa' are of the highest quality with minimal credit risk, while a 'Stable Outlook' means that the "rating is likely to be maintained or to remain unchanged in the next 12 months." The ratings and outlook were assigned based on the following key considerations: a) diversified portfolio with good growth prospects; b) experienced management team; c) sustained financial recovery; and d) sufficient liquidity levels, supported by continued strong cash flow generation. The issuance of the Bonds is the third tranche from the Company's Php30 billion fixed rate retail bonds registered under the shelf registration program filed with the SEC on March 1, 2021. The Company also maintained an issue credit rating of PRS Aaa, with Stable Outlook, for its outstanding Php50.0 billion retail bonds.

Other Relevant Information

The disclosure was amended to update the attached copy of PhilRatings' Press Release. The Press Release was revised to reflect a minor revision on AboitizPower's operating revenues.

Filed on behalf by:

Name	Mailene de la Torre
Designation	Asst. Corporate Secretary