Fitch Ratings

Fitch Ratings has affirmed Thai Life Insurance Public Company Limited’s (TLI) Insurer Financial Strength (IFS) Rating at ‘A-‘ (Strong) and National IFS Rating at ‘AAA(tha)’. The Outlooks are Stable. KEY RATING DRIVERSThe ratings affirmation indicates TLI’s ‘Favourable’ company profile, ‘Strong’ financial performance and ‘Strong’ capitalisation. However, the rating strength…

Fitch Ratings (Thailand) Limited has assigned CIMB Thai Bank Public Company Limited’s (CIMBT; AA-(tha)/Stable/F1+(tha)) senior unsecured medium-term note (MTN) programme a National Long-Term Rating of ‘AA-(tha)’ and a National Short-Term Rating of ‘F1+(tha)’. The programme can issue a maximum of THB15.0 billion, with allowance for revolving issuance within the next two years. The notes under […]

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘AAA(tha)’ to United Overseas Bank (Thai) Public Company Limited’s (UOBT; AAA(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of three years. KEY RATING DRIVERSThe bonds are rated at the same level as UOBT’s National Long-Term Rating as they represent the […]

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘AAA(tha)’ to United Overseas Bank (Thai) Public Company Limited’s (UOBT; AAA(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of three years. KEY RATING DRIVERSThe bonds are rated at the same level as UOBT’s National Long-Term Rating as they represent the […]

Fitch Ratings has affirmed Kasikorn Securities Public Company Limited’s (KS) National Long-Term Rating at ‘AA(tha)’ and National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSThe ratings are underpinned by support from KS’s parent, KASIKORNBANK Public Company Limited (KBank; BBB/AA+(tha)/Stable). KS is an important part of KBank’s universal banking platform, as the…

Fitch Ratings (Thailand) has placed SCB Securities Public Company Limited’s (SCBS) National Long-Term Rating of ‘AA(tha)’ on Rating Watch Evolving (RWE), and affirmed the National Short-Term Rating at ‘F1+(tha)’. KEY RATING DRIVERSThe RWE reflects uncertainty over the rating impact of a group restructuring, which will change SCBS’s direct parent from The Siam Commercial Bank Public […]

Fitch has affirmed the National Long-Term Rating of Krungthai Zmico Securities Company Limited (KTZ) at ‘AA-(tha)’ and its National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSKTZ’s National Long-Term Rating is driven by Fitch’s expectation that its major shareholder, Krung Thai Bank Public Company Limited (KTB; BBB+/AAA(tha)/Stable), would provide extraordinary support to…

Fitch Ratings (Thailand) has affirmed IRPC Public Company Limited’s National Long-Term Rating at ‘A-(tha)’ and National Short-Term Rating at ‘F2(tha)’. The Outlook is Stable. Fitch has also affirmed the ‘A-(tha)’ rating on IRPC’s senior unsecured debentures and THB28 billion medium-term debenture programme. In addition, Fitch has assigned ‘A-(tha)’ to IRPC’s proposed THB1.0…