Finance

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘AAA(tha)’ to United Overseas Bank (Thai) Public Company Limited’s (UOBT; AAA(tha)/Stable) upcoming issue of up to THB5 billion senior unsecured bonds. The bonds will have a tenor of three years. KEY RATING DRIVERSThe bonds are rated at the same level as UOBT’s National Long-Term Rating […]

Fitch Ratings (Thailand) has affirmed the ‘AAA(tha)’ National Long-Term Rating on the Thai baht senior unsecured notes of Sumitomo Mitsui Banking Corporation’s (SMBC; A/Negative/F1) Bangkok Branch. KEY RATING DRIVERSThe note rating is based on SMBC’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘A’, which is two notches higher than Thailand’s Long-Term Local-Currency IDR of…

Fitch Ratings has upgraded TMBThanachart Bank Public Company Limited’s (TTB) Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB-‘ and the National Long-Term Rating to ‘AA+(tha)’ from ‘AA-(tha)’. The Outlook is Stable. Fitch has also upgraded the Short-Term IDR to ‘F2’ from ‘F3’ and affirmed the National Short-Term Rating at ‘F1+(tha)’. A full list of…