Finance

Fitch Ratings (Thailand) has assigned Asia Sermkij Leasing Public Company Limited (ASK) a National Long-Term Rating of ‘A(tha)’. The Outlook is Stable. And Fitch has also assigned a National Short-Term Rating of ‘F1(tha)’. Key Rating Drivers Thailand-based ASK’s National Long-Term Rating reflects Fitch’s assessment of extraordinary support from the ultimate controlling shareholder, Taiwan-based Chailease…

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 […]