Fitch Affirms Thai Life Insurance at ‘BBB+’; Outlook Stable

          Fitch Ratings has affirmed Thai Life Insurance Public Company Limited's (TLI) Insurer Financial Strength (IFS) Rating at 'BBB+' (Good) and its National IFS Rating at 'AAA(tha)'. The Outlooks are Stable.

          KEY RATING DRIVERS
          The affirmation reflects TLI's 'Good' business profile, 'Strong' capitalisation, and 'Good' investment and asset risk. It also takes into consideration the insurer's strong earnings profile, balanced by slowing premium growth. TLI's IFS is constrained by Thailand's sovereign IDR of 'BBB+' and rated one notch below the insurer's unconstrained IFS rating of 'A-'. อ่านต่อ…

Fitch Affirms Five Thai State Policy Banks

Fitch Ratings has affirmed the ratings of the following policy banks in Thailand:- Bank for Agriculture and Agricultural Cooperatives (BAAC)- Export-Import Bank of Thailand (EXIM)- Government Housing Bank (GH BANK)- Islamic Bank of Thailand (IBANK)- Small and Medium Enterprise Development Bank of อ่านต่อ…

Fitch Rates EXIM’s USD Senior Notes ‘BBB+(EXP)’

Fitch Ratings has assigned an expected rating of ‘BBB+(EXP)’ to Export-Import Bank of Thailand’s (EXIM, BBB+/Stable) five-year senior unsecured notes of up to USD300 million. The notes will be issued under the bank’s USD1.5 billion medium-term note (MTN) programme. EXIM plans to use the proceeds to อ่านต่อ…

Fitch Affirms Makro’s Rating at ‘A(tha)’; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited’s National Long-Term Rating at ‘A(tha)’. The Outlook is Stable.KEY RATING DRIVERSOverseas Expansion Drives Rising Leverage: Makro’s funds from operations (FFO) adjusted net leverage is likely to rise to 2.0x-2.5x over อ่านต่อ…

Fitch Affirms Muang Thai Life at ‘BBB+’; Outlook Stable

Fitch Ratings has affirmed Muang Thai Life Assurance Public Company Limited’s (MTL) Insurer Financial Strength (IFS) Rating at ‘BBB+’ (Good) and National IFS Rating at ‘AAA(tha)’. The Outlooks are Stable.KEY RATING DRIVERSThe affirmation reflects the insurer’s good business profile, strong อ่านต่อ…

Fitch Affirms DTAC at ‘BBB/AA(tha)’; Outlook Stable

Fitch Ratings has affirmed Thailand-based telecommunications company Total Access Communication Public Company Limited’s (DTAC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB’ with a Stable Outlook. The agency has also affirmed DTAC’s National Long-Term Rating at อ่านต่อ…

Fitch Rates AEON Thana Sinsap’s THB Notes ‘A-(tha)’

Fitch Ratings (Thailand) has assigned AEON Thana Sinsap (Thailand) Public Company Limited’s (AEONTS; A-(tha)/Stable) upcoming issue of Thai baht-denominated senior unsecured notes a National Long-Term Rating of ‘A-(tha)’. Proceeds of the issuance will be used for general corporate purposes and อ่านต่อ…

Fitch Ratings: Thailand Resilient to Rising Global Risks

Thailand’s economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings’ annual Thai conference in BangkokDr Veerathai อ่านต่อ…

Fitch Affirms Siam Future at ‘BBB(tha)’; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed Siam Future Development Public Company Limited’s (SF) National Long-Term Rating at ‘BBB(tha)’ with a Stable Outlook, National Short-Term Rating at ‘F3(tha)’ and outstanding senior unsecured debentures at ‘BBB(tha)’.KEY RATING DRIVERSMaintaining High อ่านต่อ…