Finance

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…

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A(tha)’ to Asia Sermkij Leasing Public Company Limited’s (ASK, A(tha)/Stable) upcoming issue of Thai baht senior unsecured debentures. The proceeds will be used for debt repayment and working capital. KEY RATING DRIVERSThe senior unsecured debentures are rated at the same level as ASK’s National Long-Term […]