Finance

Fitch Ratings (Thailand) has affirmed DAD SPV Company Limited’s (DAD SPV) bonds at ‘AAAsf(tha)’ with a Stable Outlook. The CMBS transaction is backed by 30-year lease and fee payments from the government office centre in northern Bangkok, which is developed and managed by the Ministry of Finance’s wholly owned asset-development company, Dhanarak Asset Development Company […]

Fitch has upgraded the National Long-Term Rating of Krungthai Zmico Securities Company Limited (KTZ) to ‘AA-(tha)’ from ‘A+(tha)’ and affirmed its National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. Fitch has also upgraded KTZ’s senior unsecured debt rating to ‘AA-(tha)’ from ‘A+(tha)’. The rating action follows the upgrade of the National Long-Term Rating on…