Finance

Fitch Ratings has affirmed the National Long-Term Rating of Sumitomo Mitsui Trust Bank (Thai) Public Company Limited (SMTBT) at ‘AAA(tha)’. The Outlook is Stable. Fitch has also affirmed the bank’s National Short-Term Rating at ‘F1+(tha)’. KEY RATING DRIVERSShareholder Support Drives Ratings: SMTBT’s ratings reflect Fitch’s view of a high probability of extraordinary support from its […]

Fitch Ratings has affirmed CIMB Thai Bank Public Company Limited’s (CIMBT) National Long-Term Rating at ‘AA-(tha)’. The Outlook is Stable. Fitch has also affirmed the bank’s National Short-Term Rating at ‘F1+(tha)’ and medium-term note (MTN) programme at ‘AA-(tha)’ and ‘F1+(tha)’. KEY RATING DRIVERSParental Support Driven: CIMBT’s National Ratings are based on Fitch’s belief…

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of ICBC (Thai) Leasing Company Limited (ICBCTL) at ‘AAA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSCore Subsidiary of Parent Bank: ICBCTL’s ratings are equalised with those of its parent, Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT; […]

Fitch Ratings (Thailand) has assigned Bank of Ayudhya Public Company Limited’s (BAY; AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’. KEY RATING DRIVERSThe subordinated debentures are rated two notches below BAY’s National Long-Term Rating to reflect higher loss-severity risk relative to senior unsecured notes. The notes do not […]

Fitch Ratings (Thailand) has affirmed Industrial and Commercial Bank of China (Thai) Public Company Limited’s (ICBCT) National Long-Term Rating at ‘AAA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSShareholder Support Drives Rating: ICBCT’s ratings reflect our view of a ‘Very High’ probability that the bank would receive extraordinary support from…