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Fitch assigned FWD Group a long-term Issuer Default Rating (IDR) of “BBB+” with a stable outlook; Moody’s assigned a Baa2 issuer rating to FWD Group with a positive outlook. [ 35 ] For the year 2023, the company’s Value of New Business reached US$991 million, up 22% compared to 2022, and its operating profit after tax was US$372 million ...
On December 7, 2019, FWD Life Philippines and AC Infra announced their Expressway Sponsorship Program, renaming the expressway as FWD-Muntinlupa-Cavite Expressway (FWD-MCX) as part of FWD's marketing initiative. [3] On July 19, 2023, the DPWH gave its consent for the transfer of ownership of the expressway from Ayala Corporation to the Villar ...
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FWD data is most often used to calculate stiffness-related parameters of a pavement structure. The process of calculating the elastic moduli of individual layers in a multi-layer system (e.g. asphalt concrete on top of a base course on top of the subgrade) based on surface deflections is known as "backcalculation", as there is no closed-form solution.