Finance

Fitch Ratings (Thailand) has downgraded the National Long-Term Ratings on the guaranteed debentures of Risland (Thailand) Company Limited (RLT) to ‘A(tha)’ from ‘AA(tha)’. All the ratings remain on Rating Watch Negative (RWN). The debentures are guaranteed by China-based Country Garden Holdings Company Limited (CGH, BB+/RWN). The downgrade follows the 15 August 2022 downgrade of guarantor […]

Fitch Ratings expects the standalone profiles of Thailand’s large banks to benefit from the gradual recovery from the weak economic environment of 2020-2021. Increased business activity and stable, or slightly improving, net interest margins would support bank revenue. The banks have been aggressive in provisioning over the past several years. Fitch believes credit costs have […]