Finance

Fitch Ratings (Thailand) has assigned United Overseas Bank (Thai)’s Public Company Limited’s (UOBT; AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’. KEY RATING DRIVERSThe subordinated notes are rated two notches below UOBT’s National Long-Term Rating to reflect their higher loss-severity risk relative to senior unsecured instruments…

Fitch Ratings (Thailand) has revised the Outlook on Siam Makro Public Company Limited’s (Makro) National Long-Term Rating to Stable from Negative and affirmed the rating at ‘A-(tha)’. Fitch has also affirmed its National Short-Term Rating at ‘F2(tha)’. The rating actions on Makro follow the revision of parent CP ALL Public Company Limited’s Outlook to Stable […]

Fitch Ratings – Bangkok – 21 Apr 2022: Fitch Ratings (Thailand) has revised the Outlook on the National Long-Term Rating of Thailand-based food retailer CP ALL Public Company Limited (CP ALL) to Stable from Negative, and affirmed the rating at ‘A-(tha)’. Simultaneously, Fitch has withdrawn all the ratings on CP ALL. The revision of the […]