Fitch Rates ICBCTL’s Senior Unsecured Notes ‘AAA(tha)’

Fitch Ratings (Thailand) has assigned ICBC (Thai) Leasing Company Limited’s (ICBCTL, AAA(tha)/Stable/F1+(tha)) senior unsecured notes a National Long-Term Rating of ‘AAA(tha)’. The notes will be issued under the 2022 medium-term note programme and the proceeds will be used for debt repayment and/or working capital. KEY RATING DRIVERSThe senior unsecured notes are rated at the same […]

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SC Ventures partners with Yabx to expand access to Financial Services in Africa

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in Africa. Africa has over 700 million mobile wallets, and about 450 million bank accounts but access to formal […]

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