Fitch Ratings

Bangkok Expressway Raises Debenture Programme to THB8bn; Rating Unchanged

Thailand-based Bangkok Expressway and Metro Public Company Limited’s (BEM; A(tha)/Stable) increase in its proposed debentures to THB8 billion from THB5 billion does not affect its credit profile, says Fitch Ratings (Thailand). The senior unsecured debentures, which constitute BEM’s direct, unsecured, unconditional and unsubordinated obligations, are rated at the same ‘A(tha)’ as the National Long-Term Rating. […]

thaipr.net

11 ก.พ. 69

Fitch Publishes ‘A(tha)’ Rating on Bangkok Expressway and Metro’s Proposed Debentures

Fitch Ratings (Thailand) has published the National Long-Term Rating of ‘A(tha)’ on Bangkok Expressway and Metro Public Company Limited’s (BEM, A(tha)/Stable) proposed senior unsecured debentures of up to THB5,000 million. The proceeds will be used to refinance existing debt, fund capex and support working capital. RATING RATIONALE The proposed debentures are rated at the same […]

thaipr.net

24 ธ.ค. 68

Fitch Revises Thai Beverage’s Outlook to Negative; Affirms at ‘BBB-‘/’AA(tha)’

Fitch Ratings has revised Thai Beverage Public Company Limited’s (ThaiBev) Outlook to Negative from Stable and affirmed its Issuer Default Rating at ‘BBB-‘ and National Long-Term Rating at ‘AA(tha)’. The Negative Outlook reflects the risks associated with high leverage over the next 12-18 months. ThaiBev’s EBITDA net leverage increased to 4.1x in the year ended […]

thaipr.net

22 ธ.ค. 68

Fitch Upgrades FNS Holdings to ‘CCC+(tha)’; Withdraws Ratings

Fitch Ratings (Thailand) Limited has upgraded the National Long-Term Rating of FNS Holdings Public Company Limited to ‘CCC+(tha)’ from ‘CCC-(tha)’. We have also affirmed its National Short-Term Rating at ‘C(tha)’. Simultaneously, Fitch has withdrawn the ratings. The upgrade reflects reduction in refinancing risk after FNS successfully redeemed its debentures in October 2025. The rating reflects […]

thaipr.net

28 พ.ย. 68

Fitch Affirms Advanced Info Service, Advanced Wireless Network at ‘AAA(tha)’; Outlook Stable

Fitch Ratings has affirmed Thailand-based telecommunications company Advanced Info Service Public Company Limited’s (AIS) and subsidiary Advanced Wireless Network Company Limited’s (AWN) National Long-Term Ratings at ‘AAA(tha)’ with a Stable Outlook and their National Short-Term Ratings at ‘F1+(tha)’. Fitch has also affirmed AIS’s and AWN’s national senior unsecured ratings at…

thaipr.net

24 พ.ย. 68

Fitch Affirms Asia Plus Group Holdings at ‘A(tha)’; Outlook Stable

Fitch Ratings (Thailand) has affirmed Asia Plus Group Holdings Public Company Limited’s (ASP) National Long-Term Rating at ‘A(tha)’ with a Stable Outlook. Fitch has also affirmed the National Short-Term Rating at ‘F1(tha)’. Key Rating Drivers Established Independent Franchise: ASP’s ratings reflect a well-established franchise in Thailand’s securities brokerage sector. The company has built scale and…

thaipr.net

20 พ.ย. 68

Fitch Revises Outlook on Asia Sermkij to Negative; Affirms at ‘A(tha)’

Fitch Ratings (Thailand) has revised the Outlook on Asia Sermkij Leasing Public Company Limited’s (ASK) National Long-Term Rating to Negative from Stable and affirmed the rating at ‘A(tha)’. The National Short-Term Rating has been affirmed at ‘F1+(tha)’. The Outlook revision follows the revision of the Outlook on the Long-Term Issuer Default Rating (IDR) of ASK’s […]

thaipr.net

13 พ.ย. 68

Fitch Rates Muangthai Capital’s Thai Baht Senior Unsecured Bonds ‘A-(tha)’

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A-(tha)’ to Muangthai Capital Public Company Limited’s (MTC, A-(tha)/Stable) upcoming Thai baht-denominated senior unsecured bonds. The company expects to issue in multiple tranches in November 2025. The bonds will have tenors of up to eight years and six months. The proceeds will be used to […]

thaipr.net

14 ต.ค. 68

Fitch Revises Outlook on Thailand’s PTT and PTTEP to Negative; Affirms at ‘BBB+’

Fitch Ratings has revised the Outlooks on PTT Public Company Limited’s (PTT) and PTT Exploration and Production Public Company Limited’s (PTTEP) Long-Term Issuer Default Ratings (IDRs) to Negative from Stable, and affirmed the IDRs and PTTEP’s senior unsecured rating at ‘BBB+’. The Outlook revision on PTT follows our Outlook revision of Thailand’s Sovereign rating to […]

thaipr.net

30 ก.ย. 68
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