Finance

Fitch Ratings (Thailand) Limited has upgraded community-mall developer and operator Siam Future Development Public Company Limited’s (SF) National Long-Term Rating and national senior unsecured rating to ‘BBB+(tha)’, from ‘BBB-(tha)’. The Outlook is Stable. Fitch has also upgraded the National Short-Term Rating to ‘F2(tha)’, from ‘F3(tha)’. The upgrade reflects Fitch’s reassessment of…

The operating environment for Thai banks remains supportive of a gradual recovery in financial performance, says Fitch Ratings. However, business activity, which remains below pre-pandemic levels, is constrained by continued macroeconomic risks, limiting the potential for significant upside in the near term. Fitch expects loans under regulatory relief to fall significantly over the course of […]

Fitch Ratings (Thailand) has assigned a ‘AA+(tha)’ rating to PTT Global Chemical Public Company Limited’s (PTTGC; AA+(tha)/Negative) proposed senior unsecured debentures of up to THB25 billion. The proposed debentures constitute direct, unsecured, unconditional and unsubordinated obligations of the company and are rated at the same level as PTTGC’s National Long-Term Rating in line with its […]