ThaiPR.NET https://www.thaipr.net/tag/fitch-ratings Press Release Distribution Center of Thailand Fri, 08 May 2026 17:32:31 +0700 hourly 1 https://wordpress.org/?v=6.1.1 <![CDATA[Bangkok Expressway Raises Debenture Programme to THB8bn; Rating Unchanged]]> https://www.thaipr.net/en/finance_en/3691810 Wed, 11 Feb 2026 09:33:38 +0700 finance_en https://www.thaipr.net/?p=3691810 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. […]

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]]> <![CDATA[Fitch Publishes ‘A(tha)’ Rating on Bangkok Expressway and Metro’s Proposed Debentures]]> https://www.thaipr.net/en/finance_en/3679271 Wed, 24 Dec 2025 07:13:32 +0700 finance_en https://www.thaipr.net/?p=3679271 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 […]

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]]> <![CDATA[Fitch Revises Thai Beverage’s Outlook to Negative; Affirms at ‘BBB-‘/’AA(tha)’]]> https://www.thaipr.net/en/finance_en/3678739 Mon, 22 Dec 2025 15:07:40 +0700 finance_en https://www.thaipr.net/?p=3678739 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 […]

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]]> <![CDATA[Fitch Upgrades FNS Holdings to ‘CCC+(tha)’; Withdraws Ratings]]> https://www.thaipr.net/en/finance_en/3670748 Fri, 28 Nov 2025 13:07:46 +0700 finance_en https://www.thaipr.net/?p=3670748 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 […]

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]]> <![CDATA[Fitch Affirms Advanced Info Service, Advanced Wireless Network at ‘AAA(tha)’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3668665 Mon, 24 Nov 2025 14:18:05 +0700 finance_en https://www.thaipr.net/?p=3668665 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 ‘AAA(tha)’. AIS’s ratings reflect its […]

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]]> <![CDATA[Fitch Affirms Asia Plus Group Holdings at ‘A(tha)’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3667788 Thu, 20 Nov 2025 13:55:25 +0700 finance_en https://www.thaipr.net/?p=3667788 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 […]

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]]> <![CDATA[Fitch Revises Outlook on Asia Sermkij to Negative; Affirms at ‘A(tha)’]]> https://www.thaipr.net/en/finance_en/3664760 Thu, 13 Nov 2025 14:55:36 +0700 finance_en https://www.thaipr.net/?p=3664760 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 […]

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]]> <![CDATA[Fitch Rates Thai EXIM’s THB Bonds ‘AAA(tha)’]]> https://www.thaipr.net/en/finance_en/3659483 Thu, 30 Oct 2025 11:25:45 +0700 finance_en https://www.thaipr.net/?p=3659483 Fitch Ratings has assigned a National Rating of ‘AAA(tha)’ to Export-Import Bank of Thailand’s (EXIM, AAA(tha)/Stable) upcoming senior unsecured bonds to be issued under its existing senior unsecured medium-term note (MTN) programme rated ‘AAA(tha)’. The upcoming bonds will be issued in multiple tranches with maturities of up to 10 years and a total amount of […]

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]]> <![CDATA[Fitch Rates Muangthai Capital’s Thai Baht Senior Unsecured Bonds ‘A-(tha)’]]> https://www.thaipr.net/en/finance_en/3654346 Tue, 14 Oct 2025 17:02:07 +0700 finance_en https://www.thaipr.net/?p=3654346 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 […]

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]]> <![CDATA[Fitch Revises Outlook on Thailand’s PTT and PTTEP to Negative; Affirms at ‘BBB+’]]> https://www.thaipr.net/en/finance_en/3648419 Tue, 30 Sep 2025 13:57:04 +0700 finance_en https://www.thaipr.net/?p=3648419 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 […]

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]]> <![CDATA[Fitch Rates Muangthai Capital’s THB Senior Unsecured Notes ‘A-(tha)’]]> https://www.thaipr.net/en/finance_en/3644028 Thu, 18 Sep 2025 13:21:37 +0700 finance_en https://www.thaipr.net/?p=3644028 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 senior unsecured notes. The company expects the notes to be issued in October 2025 with a tenor of up to three years and one month. The proceeds will be used for the company’s working capital. […]

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]]> <![CDATA[Fitch Affirms Thai EXIM at ‘BBB+’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3642342 Mon, 15 Sep 2025 11:45:43 +0700 finance_en https://www.thaipr.net/?p=3642342 Fitch Ratings has affirmed Export-Import Bank of Thailand’s (EXIM) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ and National Long-Term Rating at ‘AAA(tha)’. The Outlook is Stable. A full list of rating actions is below. Key Rating Drivers Ratings Aligned with Sovereign: EXIM’s ratings are driven by its Government Support Rating (GSR), and the bank’s Long-Term […]

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]]> <![CDATA[Fitch Rates GC Treasury Center’s Proposed USD Perpetual Debentures ‘BB’]]> https://www.thaipr.net/en/finance_en/3638248 Wed, 03 Sep 2025 11:11:34 +0700 finance_en https://www.thaipr.net/?p=3638248 Fitch Ratings has assigned GC Treasury Center Company Limited’s proposed US dollar subordinated perpetual debentures a rating of ‘BB’. The debentures are guaranteed by Thailand-based PTT Global Chemical Public Company Limited (PTTGC, BBB-/AA-(tha)/Stable) on a subordinated basis. The issuance will be payable upon dissolution with the issuer’s right to early redemption and unconditional interest deferral. […]

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]]> <![CDATA[Fitch Affirms ICBC Thai Leasing at ‘AAA(tha)’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3633264 Thu, 21 Aug 2025 09:33:57 +0700 finance_en https://www.thaipr.net/?p=3633264 Fitch Ratings (Thailand) has affirmed ICBC (Thai) Leasing Company Limited’s (ICBCTL) National Long-Term Rating at ‘AAA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. Key Rating Drivers Shareholder Support Drives Ratings: ICBCTL’s National Ratings reflect our expectation of extraordinary support from its direct parent, Industrial and Commercial Bank of China (Thai) Public Company […]

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]]> <![CDATA[Fitch Affirms DAD SPV’s Bonds at ‘AAAsf(tha)’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3619054 Fri, 11 Jul 2025 16:15:15 +0700 finance_en https://www.thaipr.net/?p=3619054 Fitch Ratings – Bangkok – 09 Jul 2025: Fitch Ratings (Thailand) has affirmed DAD SPV Company Limited’s (DAD SPV) bonds at ‘AAAsf(tha)’ with a Stable Outlook. The CMBS transaction is backed by 30-year lease and fee payments from the government office centre in northern Bangkok, which is developed and managed by the Ministry of Finance’s […]

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]]> <![CDATA[Fitch Affirms SCBX and Siam Commercial Bank at ‘BBB’ and ‘AA+(tha)’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3613483 Wed, 25 Jun 2025 11:55:08 +0700 finance_en https://www.thaipr.net/?p=3613483 Fitch Ratings has affirmed SCB X Public Company Limited’s (SCBX) and The Siam Commercial Bank Public Company Limited’s (SCB) Long-Term Issuer Default Ratings (IDRs) at ‘BBB’ and National Long-Term Ratings at ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed both entities’ Viability Ratings (VRs) at ‘bbb’, while SCB’s and SCBX’s Government Support Ratings (GSRs) […]

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]]> <![CDATA[Fitch Assigns Xayaburi Power’s Non-Guaranteed Thai Baht Debentures Final ‘B+’; Outlook Stable]]> https://www.thaipr.net/en/finance_en/3612954 Tue, 24 Jun 2025 09:26:24 +0700 finance_en https://www.thaipr.net/?p=3612954 Fitch Ratings has assigned Laos-based Xayaburi Power Company Limited’s (XPCL, B+/Stable) Thai baht senior unsecured non-guaranteed debentures due 2030 a final rating of ‘B+’. The Outlook is Stable. RATING RATIONALE The debentures will be issued by XPCL directly, and the proceeds from these debentures and from the proposed Thai baht senior unsecured guaranteed debentures (BBB+(EXP)/Stable) […]

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]]> <![CDATA[Fitch Affirms Thailand’s Land and Houses Securities at ‘AA(tha)’: Outlook Stable]]> https://www.thaipr.net/en/finance_en/3581048 Thu, 20 Mar 2025 15:57:49 +0700 finance_en https://www.thaipr.net/?p=3581048 Fitch Ratings (Thailand) has affirmed Land and Houses Securities Public Company Limited’s (LHS) National Long-Term Rating at ‘AA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. Key Rating Drivers Parental Support Drives Ratings: The ratings are based on Fitch’s expectation of extraordinary support from LHS’s parent, LH Financial Group Public Company Limited (LHFG, […]

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]]> <![CDATA[ฟิทช์คงอันดับเครดิตของ บล. แลนด์ แอนด์ เฮ้าส์ ที่ ‘AA(tha)’ แนวโน้มอันดับเครดิตมีเสถียรภาพ]]> https://www.thaipr.net/finance/3581046 Thu, 20 Mar 2025 15:57:09 +0700 finance https://www.thaipr.net/?p=3581046 ฟิทช์ เรทติ้งส์ (ประเทศไทย) ประกาศคงอันดับเครดิตภายในประเทศระยะยาว (National Long-Term Rating) ของบริษัทหลักทรัพย์ แลนด์ แอนด์ เฮ้าส์ จำกัด (มหาชน) หรือ LHS ที่ ‘AA(tha)’ และอันดับเครดิตภายในประเทศระยะสั้น (National Short-Term Rating) ที่ ‘F1+(tha)’ โดยมีแนวโน้มอันดับเครดิตมีเสถียรภาพ ปัจจัยสนับสนุนอันดับเครดิต อันดับเครดิตพิจารณาจากปัจจัยสนับสนุนจากบริษัทแม่: อันดับเครดิตของ LHS พิจารณาจากความคาดหวังของฟิทช์ว่าบริษัทแม่ซึ่งคือ บมจ. แอล เอช ไฟแนนซ์เชียล กรุ๊ป (LHFG, ‘AA+(tha)’/แนวโน้มอันดับเครดิตมีเสถียรภาพ) จะให้การสนับสนุนเป็นพิเศษ (extraordinary support) แก่ LHS เมื่อเกิดเหตุการณ์ที่มีความจำเป็น นอกจากนี้ อันดับเครดิตของ LHS ยังพิจารณาถึงโครงสร้างอันดับเครดิตเปรียบเทียบกับบริษัทอื่นที่ได้รับการจัดอันดับเครดิตภายในประเทศจากฟิทช์ บริษัทแม่มีความสามารถในการสนับสนุนที่แข็งแกร่ง: LHFG เป็นบริษัทโฮลดิ้ง (Holding Company) ที่มีธุรกิจหลักคือธนาคารแลนด์ แอนด์ เฮ้าส์ จำกัด […]

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]]> <![CDATA[Fitch Maintains Rating Watch Negative on Advanced Info Service and Advanced Wireless Network]]> https://www.thaipr.net/en/finance_en/3552620 Mon, 09 Dec 2024 14:43:52 +0700 finance_en https://www.thaipr.net/?p=3552620 Fitch Ratings has maintained the Rating Watch Negative (RWN) on the ‘AAA(tha)’ National Long-Term Rating, ‘F1+(tha)’ National Short-Term Rating and ‘AAA(tha)’ senior unsecured rating of Thailand-based telecommunications company, Advanced Info Service Public Company Limited (AIS), and its subsidiary, Advanced Wireless Network Company Limited (AWN). The RWN reflects a risk that, should the merged entity of […]

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