Siam Cement’s High Capex, Weak Chemical Business to Raise Leverage
Rising leverage has put pressure on the credit profile of the rated Thai conglomerate The Siam Cement Public Company Limited (SCC, A+(tha)/Negative), Fitch Rating says in a report. The risks to deleveraging are reflected in the Negative Outlook on the rating. SCC’s net debt/EBITDA reached 3.8x by end-June 2022 (2.7x at end-2021), driven by capex […]
