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Fitch Ratings (Thailand) has affirmed Bangkok Aviation Fuel Services Public Company Limited’s (BAFS) National Long-Term Rating at ‘BBB+(tha)’. The Outlook remains Negative. The agency has also affirmed its National Short-Term Rating at ‘F2(tha)’ and the National Long-Term Rating on its senior unsecured debentures at ‘BBB+(tha)’. The Negative Outlook reflects the risk that BAFS’s financial leverage…

Fitch Ratings has assigned a first-time National Long-Term Rating of ‘AA(tha)’ to Land and Houses Securities Public Company Limited (LHS). Fitch has also assigned a National Short-Term Rating of ‘F1+(tha)’ to LHS. The Outlook is Stable. KEY RATING DRIVERSShareholder Support Drives Ratings: LHS’s National Ratings are based on Fitch’s expectation that there is a high […]

Fitch Ratings has affirmed DAOL Securities (Thailand) Public Company Limited’s (DAOLSEC) National Long-Term Rating at ‘BB+(tha)’ and National Short-Term Rating at ‘B(tha)’, and removed them from Rating Watch Negative (RWN). The Outlook on the National Long-Term Rating is Stable. The affirmation and removal from RWN reflect our view that the company’s increased capital base will […]

Thai banks will most likely have stronger performances in 2023 due to lower credit costs and a pick-up in loan growth, supported by a stronger economic recovery, according to Fitch Ratings’ 2023 briefing, “Thailand’s Economic and Bank Outlook”, in Bangkok on Friday. Dr Somprawin Manprasert, Chief Economist of the Economic Intelligence Center (EIC) at The […]

Fitch Ratings has affirmed Thailand-based Siam City Cement Public Company Limited’s (SCCC) National Long-Term Rating at ‘A(tha)’, its National Short-Term Rating at ‘F1(tha)’ and the National Long-Term Rating on its senior unsecured debentures at ‘A(tha)’. The Outlook is Stable. SCCC’s ratings reflect the company’s business profile as a small regional cement manufacturer with a solid…