Fitch Downgrades FNS Holdings to ‘B-(tha)’; on Rating Watch Negative
Fitch Ratings (Thailand) Limited has downgraded FNS Holdings Public Company Limited’s National Long-Term Rating to ‘B-(tha)’, from ‘B(tha)’. All of FNS’s ratings have been placed on Rating Watch Negative (RWN). The downgrade and RWN reflect high liquidity and refinancing risk, as FNS is relying on asset sales to repay debt due in 2H24. Refinancing risk […]
