Fitch Ratings

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘BB(tha)’ to KTBST Securities Public Company Limited’s (KTBSTSEC, BB+(tha)/Stable/B(tha)) upcoming issue of up to THB150 million in subordinated unsecured debentures. The debentures will have a maturity of 11 months and 30 days. The company plans to use the proceeds to refinance outstanding subordinated debentures. KEY […]

Fitch Ratings has affirmed Bangkok Bank Public Company Limited’s (BBL) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and National Long-Term Rating at ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed the bank’s Viability Rating (VR) and Government Support Rating (GSR) at ‘bbb’. A full list of rating actions is at the end of this […]

Fitch Ratings has affirmed KASIKORNBANK Public Company Limited’s (KBank) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and National Long-Term Rating at ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed the bank’s Viability Rating (VR) at ‘bbb’ and its Government Support Rating (GSR) at ‘bbb’. A full list of rating actions is at the end […]

Fitch Ratings has affirmed Bank of Ayudhya Public Company Limited’s (BAY) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ and National Long-Term Rating at ‘AAA(tha)’. The Outlooks are Stable. Fitch has also affirmed the bank’s Short-Term IDR at ‘F1’, Shareholder Support Rating (SSR) at ‘bbb+’ and Viability Rating (VR) at ‘bbb’. A full list of rating […]

Fitch Ratings has affirmed Krung Thai Bank Public Company Limited ‘s (KTB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ and National Long-Term Rating at ‘AAA(tha)’. The Outlooks are Stable. Fitch has also affirmed the bank’s Short-Term IDR at ‘F1’, Government Support Rating (GSR) at ‘bbb+’ and Viability Rating (VR) at ‘bbb-‘. A full list of […]

Fitch Ratings has affirmed The Siam Commercial Bank Public Company Limited’s (SCB) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and National Long-Term Rating at ‘AA+(tha)’. The Outlooks are Stable. Fitch has also affirmed the bank’s Viability Rating (VR) at ‘bbb’ and its Government Support Rating (GSR) at ‘bbb’. A full list of rating actions is […]

Fitch Ratings (Thailand) has assigned a National Short-Term Rating of ‘F2(tha)’ to CGS-CIMB Securities (Thailand) Co., Ltd.’s (CGS-CIMB TH; A(tha)/Stable/F1(tha)) proposed Thai baht-denominated subordinated debentures. The firm plans to use the issuance proceeds for working capital to support its business operations. KEY RATING DRIVERSThe ‘F2(tha)’ National Short-Term Rating on the subordinated debentures is derived…

Fitch Ratings (Thailand) has placed Capital Nomura Securities Public Company Limited’s (CNS) National Long-Term Rating of ‘AA(tha)’ on Rating Watch Positive (RWP), and affirmed the National Short-Term Rating at ‘F1+(tha)’. At the same time, Fitch has withdrawn both the National Long- and Short-Term Ratings of CNS for commercial reasons. KEY RATING DRIVERSThe RWP is based […]

Fitch Ratings (Thailand) has downgraded PTT Global Chemical Public Company Limited’s (PTTGC) National Long-Term Rating and senior unsecured rating to ‘AA(tha)’ from ‘AA+(tha)’. The Outlook is Stable. Fitch has also affirmed the National Short-Term Rating at ‘F1+(tha)’. The downgrade reflects Fitch’s expectation that PTTGC’s financial leverage will be higher than commensurate with a…

Fitch Ratings (Thailand) has affirmed SCB Asset Management Co., Ltd’s (SCBAM) National Investment Management Quality Rating (IMQR) at ‘Excellent(tha)’. The Outlook is Stable. KEY RATING DRIVERSThe rating is based on the following category scores: Investment process: StrongInvestment resources: ExcellentRisk management: ExcellentCompany and client servicing: ExcellentInvestment performance: Consistent National IMQRs are assigned…