Bangkok Expressway Raises Debenture Programme to THB8bn; Rating Unchanged
Thailand-based Bangkok Expressway and Metro Public Company Limited’s (BEM; A(tha)/Stable) increase in its proposed debentures to THB8 billion from THB5 billion does not affect its credit profile, says Fitch Ratings (Thailand). The senior unsecured debentures, which constitute BEM’s direct, unsecured, unconditional and unsubordinated obligations, are rated at the same ‘A(tha)’ as the National Long-Term Rating. […]
