finance_en

Fitch Ratings (Thailand) has assigned a National Short-Term Rating of ‘F2(tha)’ to CGS-CIMB Securities (Thailand) Co., Ltd.’s (CGS-CIMB TH; A(tha)/Stable/F1(tha)) proposed Thai baht-denominated subordinated debentures. The firm plans to use the issuance proceeds for working capital to support its business operations. KEY RATING DRIVERSThe ‘F2(tha)’ National Short-Term Rating on the subordinated debentures is derived…

Fitch Ratings (Thailand) has placed Capital Nomura Securities Public Company Limited’s (CNS) National Long-Term Rating of ‘AA(tha)’ on Rating Watch Positive (RWP), and affirmed the National Short-Term Rating at ‘F1+(tha)’. At the same time, Fitch has withdrawn both the National Long- and Short-Term Ratings of CNS for commercial reasons. KEY RATING DRIVERSThe RWP is based […]

Fitch Ratings (Thailand) has downgraded PTT Global Chemical Public Company Limited’s (PTTGC) National Long-Term Rating and senior unsecured rating to ‘AA(tha)’ from ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed the National Short-Term Rating at ‘F1+(tha)’. The downgrade reflects Fitch’s expectation that PTTGC’s financial leverage will be higher than commensurate with a…