Finance

Fitch Ratings has affirmed Electricity Generating Authority of Thailand’s (EGAT) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook. The agency has also affirmed EGAT’s senior unsecured rating at ‘BBB+’. EGAT’s ratings reflect its Standalone Credit Profile (SCP) of ‘bbb+’, the same level as that of the Thai sovereign (BBB+/Stable). Fitch will […]

Fitch Ratings (Thailand) has placed the ‘F2(tha)’ National Short-Term Rating on Esso (Thailand) Public Company Limited’s (Esso) bills of exchange revolving programme of up to THB12 billion on Rating Watch Evolving (RWE). This follows the announcement on 11 January 2023 that ExxonMobil Asia Holdings Private Limited, Esso’s parent, will sell all of its interest in […]

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘AA-(tha)’ to Krungthai XSpring Securities Company Limited’s (KTX, AA-(tha)/Stable) senior unsecured notes of up to THB1,000 million. The notes will have a tenor of one and a half years. The notes will be issued under the 2023 medium-term note (MTN) programme and the proceeds will […]