The LGU Guarantee Corporation (LGUGC) rated the Province of Iloilo "A" (Above Average). Such merit rate indicates that Iloilo has little chance of failing to pay its obligations.
LGUGC is an independent Rating Committee that uses the internationally-accepted LGU rating system.
Such citation is highly considered a value point by under the Local Government Code amidst hard times on budget constraint such as payments of business tax collection shares, real property and business tax among its component municipalities and cities.
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