Fitch Ratings

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…

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 […]