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Fitch Ratings (Thailand) has placed SCB Securities Public Company Limited’s (SCBS) National Long-Term Rating of ‘AA(tha)’ on Rating Watch Evolving (RWE), and affirmed the National Short-Term Rating at ‘F1+(tha)’. KEY RATING DRIVERSThe RWE reflects uncertainty over the rating impact of a group restructuring, which will change SCBS’s direct parent from The Siam Commercial Bank Public […]

Fitch has affirmed the National Long-Term Rating of Krungthai Zmico Securities Company Limited (KTZ) at ‘AA-(tha)’ and its National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSKTZ’s National Long-Term Rating is driven by Fitch’s expectation that its major shareholder, Krung Thai Bank Public Company Limited (KTB; BBB+/AAA(tha)/Stable), would provide extraordinary support to…

Fitch Ratings (Thailand) has affirmed IRPC Public Company Limited’s National Long-Term Rating at ‘A-(tha)’ and National Short-Term Rating at ‘F2(tha)’. The Outlook is Stable. Fitch has also affirmed the ‘A-(tha)’ rating on IRPC’s senior unsecured debentures and THB28 billion medium-term debenture programme. In addition, Fitch has assigned ‘A-(tha)’ to IRPC’s proposed THB1.0…

Fitch Ratings (Thailand) has assigned Krung Thai Bank Public Company Limited’s (KTB, AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’ The debentures will have a tenor of 10 years, with an option to redeem after five years. The proceeds will be used to strengthen the bank’s Tier 2 […]