finance_en

Fitch Ratings has assigned Export-Import Bank of Thailand’s (EXIM, BBB+/Stable) proposed five-year senior unsecured notes an expected rating of ‘BBB+(EXP)’. The proposed notes will be issued under the bank’s updated USD3.0 billion medium-term note programme. EXIM plans to use the proceeds for general corporate purposes. The final rating is contingent upon the receipt of final […]

Fitch Ratings (Thailand) Limited has affirmed Nava Nakorn Electricity Generating Company Limited’s (NNEG) National Long-Term Rating and its senior unsecured rating at ‘A-(tha)’. The Outlook is Stable. The affirmation reflects our expectation NNEG’s FFO net leverage will fall below 4.3x over the medium term after rising in 2022 beyond Fitch’s negative rating sensitivities. We expect […]

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on three Thai securities subsidiaries of foreign financial institutions as follows: CGS-CIMB Securities (Thailand) Co., Ltd. (CGS-CIMB TH) at ‘A(tha)’ Maybank Securities (Thailand) Public Company Limited (MST) at ‘AA(tha)’ Yuanta Securities (Thailand) Company Limited (YSTH) at ‘AA(tha)’ The Outlooks are Stable. A full list of rating…

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on Thai ORIX Leasing Company Limited’s (TOLC) Thai baht-denominated guaranteed bonds at ‘AAA(tha)’ with a Stable Outlook. KEY RATING DRIVERSThe National Long-Term Rating on TOLC’s guaranteed bonds are based entirely on irrevocable and unconditional guarantees provided by its parent company, Japan-based ORIX Corporation (ORIX: A-/Stable). ORIX’s…