Finance

Fitch Ratings (Thailand) has assigned Krung Thai Bank Public Company Limited’s (KTB, AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’ The debentures will have a tenor of 10 years, with an option to redeem after five years. The proceeds will be used to strengthen the bank’s Tier 2 […]

Fitch Ratings has revised the Outlook on Standard Chartered Bank (Thai) Public Company Limited’s (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Stable, from Negative, and has affirmed the ratings at ‘A-‘. The Short-Term Foreign- and Local-Currency IDRs are affirmed at ‘F1’. Fitch has also affirmed the National Long-Term Rating at ‘AAA(tha)’ and […]

Fitch Ratings has affirmed Thailand-based Siam City Cement Public Company Limited’s (SCCC) National Long-Term Rating at ‘A(tha)’, its National Short-Term Rating at ‘F1(tha)’ and the National Long-Term Rating on its senior unsecured debentures at ‘A(tha)’. The Outlook is Stable. The ratings reflect SCCC’s business profile as a small regional cement manufacturer with a solid market […]