Fitch Revises Outlook on Thailand’s HMC Polymers to Stable, Affirms Rating at ‘A-(tha)’
Fitch Ratings (Thailand) Limited has revised the Outlook on HMC Polymers Company Limited, a polypropylene (PP) manufacturer, to Stable from Negative, and affirmed its National Long-Term Rating and senior unsecured rating at ‘A-(tha)’. The Outlook revision reflects our view that HMC’s financial leverage, measured by net debt/EBITDA, will remain below 3.3x, a negative threshold for […]
