Fitch Affirms National Ratings on Three Foreign-Owned Securities Companies in Thailand

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on three Thai securities subsidiaries of foreign financial institutions as follows: CGS-CIMB Securities (Thailand) Co., Ltd. (CGS-CIMB TH) at ‘A(tha)’ Maybank Securities (Thailand) Public Company Limited (MST) at ‘AA(tha)’ Yuanta Securities (Thailand) Company Limited (YSTH) at ‘AA(tha)’ The Outlooks are Stable. A full list of rating…

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20 พ.ค. 65

Fitch Affirms Thai ORIX Leasing’s THB Guaranteed Bonds at ‘AAA(tha)’

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on Thai ORIX Leasing Company Limited’s (TOLC) Thai baht-denominated guaranteed bonds at ‘AAA(tha)’ with a Stable Outlook. KEY RATING DRIVERSThe National Long-Term Rating on TOLC’s guaranteed bonds are based entirely on irrevocable and unconditional guarantees provided by its parent company, Japan-based ORIX Corporation (ORIX: A-/Stable). ORIX’s…

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20 พ.ค. 65

Fitch Affirms EASY BUY at ‘AA(tha)’; Outlook Stable

Fitch Ratings has affirmed EASY BUY Public Company Limited’s (EB) National Long-Term Rating at ‘AA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSEB’s ratings are underpinned by Fitch’s expectation of shareholder support from the company’s Japan-based parent, ACOM CO., LTD. (BBB+/Stable). ACOM’s ratings are in turn driven by expectations of…

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20 พ.ค. 65

Fitch Affirms Thailand-Based PTT at ‘BBB+’/’AAA(tha)’; Outlook Stable; Corrects Error

Fitch Ratings has affirmed Thailand-based PTT Public Company Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB+’, its National Long-Term Rating at ‘AAA(tha)’ and National Short-Term Rating at ‘F1+(tha). The Outlook is Stable. The agency has also affirmed the ‘AAA(tha)’ rating on PTT’s senior unsecured debentures and THB150 billion medium-term debenture…

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17 พ.ค. 65

Fitch Affirms Minor International’s USD Guaranteed Securities at ‘BBB’

Fitch Ratings has affirmed the ratings on Minor International Public Company Limited’s (MINT) US dollar guaranteed senior perpetual capital securities at ‘BBB’. The rating reflects the credit enhancement provided to investors by the guarantee from Thailand-based Bangkok Bank Public Company Limited (BBL, BBB/Stable) acting through its Singapore and Hong Kong branches. KEY RATING DRIVERSNotes Equalised […]

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13 พ.ค. 65

Fitch Upgrades Siam Future to ‘BBB+(tha)’; Outlook Stable

Fitch Ratings (Thailand) Limited has upgraded community-mall developer and operator Siam Future Development Public Company Limited’s (SF) National Long-Term Rating and national senior unsecured rating to ‘BBB+(tha)’, from ‘BBB-(tha)’. The Outlook is Stable. Fitch has also upgraded the National Short-Term Rating to ‘F2(tha)’, from ‘F3(tha)’. The upgrade reflects Fitch’s reassessment of…

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11 พ.ค. 65

Gradual Recovery to Continue for Thai Banking Sector

The operating environment for Thai banks remains supportive of a gradual recovery in financial performance, says Fitch Ratings. However, business activity, which remains below pre-pandemic levels, is constrained by continued macroeconomic risks, limiting the potential for significant upside in the near term. Fitch expects loans under regulatory relief to fall significantly over the course of […]

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11 พ.ค. 65

Fitch Rates PTT Global Chemical’s Proposed Debentures ‘AA+(tha)’

Fitch Ratings (Thailand) has assigned a ‘AA+(tha)’ rating to PTT Global Chemical Public Company Limited’s (PTTGC; AA+(tha)/Negative) proposed senior unsecured debentures of up to THB25 billion. The proposed debentures constitute direct, unsecured, unconditional and unsubordinated obligations of the company and are rated at the same level as PTTGC’s National Long-Term Rating in line with its […]

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11 พ.ค. 65

Fitch Affirms Polyplex Thailand at ‘A-(tha)’; Outlook Stable

Fitch Ratings (Thailand) has affirmed Polyplex (Thailand) Public Company Limited’s (PTL) National Long-Term Rating at ‘A-(tha)’. The Outlook is Stable. PTL’s rating reflects its leading position in the polyester (PET) film business in south-east Asia, the defensive end-uses of its products, geographically diversified cash flows and a strong financial profile. This is counterbalanced by the […]

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10 พ.ค. 65

Fitch Affirms KCE Electronics at ‘A-(tha)’; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed KCE Electronics Public Company Limited’s National Long-Term Rating at ‘A-(tha)’. The Outlook is Stable. The affirmation reflects Fitch’s expectation that KCE’s operating performance will remain strong on robust global printed circuit board (PCB) demand, which, together with its currently low leverage, will sufficiently support its large committed capex plan […]

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29 เม.ย. 65
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