Fitch Ratings (Thailand) Limited has downgraded Canadoil Asia Limited’s (CASIA) THB1bn short-term bills of exchange (B/E) programme to National Short-term ‘B(tha)’ from ‘F3(tha)’ and withdrawn the rating.
The rating has been withdrawn because there is insufficient information to maintain the rating. Fitch will no longer provide ratings or analytical coverage on this issuer.
The downgrade reflects CASIA’s worse-than-expected liquidity management, following rescheduling of certain short-term loans. Fitch views that the company is likely to be further อ่านต่อ
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Fitch Affirms Canadoil Asia’s Short-term Bills of Exchange Programme at ‘F3(tha)’
Fitch Ratings (Thailand) Limited has today affirmed Canadoil Asia Limited’s (CASIA) THB1.0bn short-term bills of exchange (B/E) programme’s National Short-term rating at ‘F3(tha)’. The maturity of each series of the B/E programme will not exceed 270 อ่านต่อ…
Canadoil Group Starts Construction of its 20 Billion Baht Industrial Heavy Plate Mill in Rayong Province
Canadoil Group, a specialized producer of pipes for the energy industry conducts the ground breaking ceremony to mark the beginning of construction of its new facility valued at 20 billion Baht (over US$ 600 million). The investment in the new facility is an endorsement of อ่านต่อ…
Photo Release: Canadoil Group announces 20 billion Baht investment for high grade metal plate mill in Rayong
Mr. Giacomo Sozzi, Chief Executive Officer, Canadoil Group today announced an investment of 20 billion Baht (over US$ 600 million) in a new facility in Rayong province called Canadoil Plate to produce high grade metal, alloy and steel plates for the production of pipes used in the oil and gas อ่านต่อ…
Canadoil Group announces 20 billion Baht investment for high grade metal plate mill in Rayong
Global manufacturer of specialized metal pipes serving the energy industry selects Thailand to be regional hub for production of metal and steel plates อ่านต่อ…
Fitch Assigns ‘F3(tha)’ to Canadoil Asia’s New Short-term Debentures
Fitch Ratings (Thailand) Limited has today affirmed the ‘F3(tha)’ National Short-term rating of Canadoil Asia Limited’s (CASIA) THB1.0bn short-term bills of exchange (B/E) programme. The maturity of each series of the B/E programme will not exceed 270 days. At the same time, the agency has assigned อ่านต่อ…
Fitch Affirms National Short-term Rating of Canadoil Asia’s B/E Programme at ‘F3(tha)’
Fitch Ratings (Thailand) Limited has today affirmed Canadoil Asia Limited’s (CASIA) National Short-term rating of its THB1.0bn short-term bills of exchange (B/E) programme at ‘F3(tha)’. The maturity of each series of B/E will not exceed 270 days.
CASIA’s creditworthiness is based on the company’s อ่านต่อ…
Fitch Revises Canadoil Asias National Debt Ratings Outlook to Positive
Fitch Ratings (Thailand) Limited has today revised the rating Outlook on Canadoil Asia Limiteds (CASIA) National debt ratings to Positive from Stable. At the same time, the agency has affirmed the BBB(tha) National Long-term ratings on CASIAs outstanding secured debentures, amounting to THB1.0 อ่านต่อ…
Fitch Thailand Affirms Canadoil Asias National Debt Ratings
Fitch Ratings (Thailand) Limited has today affirmed the BBB(tha) National Long-term ratings of Canadoil Asia Limiteds (CASIA) outstanding secured debentures, amounting to THB1.0 billion, due March 2008 and May 2010, and the F3(tha) National Short-term rating of its THB1.0bn short-term bills of อ่านต่อ…