Fitch Ratings

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…

Fitch Ratings (Thailand) has assigned Krung Thai Bank Public Company Limited’s (KTB, AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’ The debentures will have a tenor of 10 years, with an option to redeem after five years. The proceeds will be used to strengthen the bank’s Tier 2 […]

Fitch Ratings has revised the Outlook on Standard Chartered Bank (Thai) Public Company Limited’s (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Stable, from Negative, and has affirmed the ratings at ‘A-‘. The Short-Term Foreign- and Local-Currency IDRs are affirmed at ‘F1’. Fitch has also affirmed the National Long-Term Rating at ‘AAA(tha)’ and […]

Fitch Ratings has affirmed Thailand-based Siam City Cement Public Company Limited’s (SCCC) National Long-Term Rating at ‘A(tha)’, its National Short-Term Rating at ‘F1(tha)’ and the National Long-Term Rating on its senior unsecured debentures at ‘A(tha)’. The Outlook is Stable. The ratings reflect SCCC’s business profile as a small regional cement manufacturer with a solid market […]

Fitch Ratings (Thailand) has affirmed AEON Thana Sinsap (Thailand) Public Company Limited’s (AEONTS) National Long-Term Rating at ‘A-(tha)’. The Outlook is Stable. Fitch also affirmed the National Short-Term Rating at ‘F2(tha)’ and the company’s senior debt ratings at ‘A-(tha)’. KEY RATING DRIVERSThe affirmation reflects AEONTS’ status as one of the largest non-bank consumer finance companies…

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

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 THB550 million in subordinated unsecured debentures. The debentures will have a maturity of one year. The company plans to use the proceeds for the repayment of maturing subordinated debentures and for […]

Fitch Ratings (Thailand) has assigned ICBC (Thai) Leasing Company Limited’s (ICBCTL: AAA(tha)/Stable/F1+(tha)) upcoming issue of senior unsecured notes a National Long-Term Rating of ‘AAA(tha)’. The notes will be issued under ICBCTL’s medium-term note (MTN) programme and the proceeds will be used for debt repayment and/or working capital. KEY RATING DRIVERSICBCTL’s senior unsecured notes are rated […]

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A(tha)’ to Asia Plus Group Holding Public Company Limited’s (ASP, A(tha)/Stable) upcoming issue of up to THB2.0 billion in senior unsecured notes with maturity of two years. The company plans to use the proceeds for debt repayment and working capital. KEY RATING DRIVERSThe senior unsecured […]