Fitch Downgrades PTT Global Chemical to ‘AA(tha)’; Outlook Stable
Fitch Ratings (Thailand) has downgraded PTT Global Chemical Public Company Limited’s (PTTGC) National Long-Term Rating and senior unsecured rating to ‘AA(tha)’ from ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed the National Short-Term Rating at ‘F1+(tha)’. The downgrade reflects Fitch’s expectation that PTTGC’s financial leverage will be higher than commensurate with a…
