Fitch Affirms Raimon Land at ‘CCC(tha)’; Withdraws Rating
Fitch Ratings (Thailand) has affirmed Raimon Land Public Company Limited’s (RML) National Long-Term Rating of ‘CCC(tha)’. The rating reflects RML’s unfunded liquidity and high refinancing risks over the next 12 months. Concurrently, Fitch has chosen to withdraw RML’s rating for commercial reasons. KEY RATING DRIVERSHigh Refinancing Risk; Unfunded Liquidity: Negative funds from operations (FFO) and […]
