Fitch Affirms Bangkok Aviation Fuel Services at ‘BBB+(tha)’; Outlook Remains Negative
Fitch Ratings (Thailand) has affirmed Bangkok Aviation Fuel Services Public Company Limited’s (BAFS) National Long-Term Rating at ‘BBB+(tha)’. The Outlook remains Negative. The agency has also affirmed its National Short-Term Rating at ‘F2(tha)’ and the National Long-Term Rating on its senior unsecured debentures at ‘BBB+(tha)’. The Negative Outlook reflects the risk that BAFS’s financial leverage…
