Fitch Affirms Nava Nakorn Electricity at ‘A-(tha)’; Outlook Stable
Fitch Ratings (Thailand) Limited has affirmed Nava Nakorn Electricity Generating Company Limited’s (NNEG) National Long-Term Rating and its senior unsecured rating at ‘A-(tha)’. The Outlook is Stable. The affirmation reflects our expectation NNEG’s FFO net leverage will fall below 4.3x over the medium term after rising in 2022 beyond Fitch’s negative rating sensitivities. We expect […]
