Fitch Ratings | Page 19 of 21

Fitch Revises Outlook on Siam Makro to Negative; Affirms at ‘A-(tha)’

Fitch Ratings (Thailand) has revised the Outlook on Siam Makro Public Company Limited’s National Long-Term Rating to Negative, from Stable, and has affirmed the rating at ‘A-(tha)’. Simultaneously, the agency has affirmed Makro’s National Short-Term Rating at ‘F2(tha)’. The rating action follows the Outlook revision on Makro’s parent, CP ALL Public Company Limited, to Negative […]

28 ก.ย. 64 10:49

thaipr.net

28 ก.ย. 64

Fitch Rates United Overseas Bank (Thai)’s Senior Bonds ‘AAA(tha)’

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 up to THB5 billion 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 […]

17 ก.ย. 64 10:52

thaipr.net

17 ก.ย. 64

Fitch Affirms THB Senior Notes of SMBC Bangkok Branch at ‘AAA(tha)’

Fitch Ratings (Thailand) has affirmed the ‘AAA(tha)’ National Long-Term Rating on the Thai baht senior unsecured notes of Sumitomo Mitsui Banking Corporation’s (SMBC; A/Negative/F1) Bangkok Branch. KEY RATING DRIVERSThe note rating is based on SMBC’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘A’, which is two notches higher than Thailand’s Long-Term Local-Currency IDR of…

17 ก.ย. 64 9:57

thaipr.net

17 ก.ย. 64

Fitch Affirms CIMB Thai Bank at ‘AA-(tha)’; Outlook Negative

Fitch Ratings (Thailand) has affirmed CIMB Thai Bank Public Company Limited’s (CIMBT) National Long-Term Rating and National Short-Term Rating at ‘AA-(tha)’ and ‘F1+(tha), respectively. The Outlook is Negative. At the same time, we have affirmed CIMBT’s medium-term note (MTN) programme at ‘AA-(tha)’ and ‘F1+(tha)’. KEY RATING DRIVERSNational Ratings: CIMBT’s National Ratings are based…

17 ก.ย. 64 9:51

thaipr.net

17 ก.ย. 64

Fitch Upgrades TMBThanachart Bank’s IDR to ‘BBB’, National Rating to ‘AA+(tha)’; Outlook Stable,

Fitch Ratings has upgraded TMBThanachart Bank Public Company Limited’s (TTB) Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB-‘ and the National Long-Term Rating to ‘AA+(tha)’ from ‘AA-(tha)’. The Outlook is Stable. Fitch has also upgraded the Short-Term IDR to ‘F2’ from ‘F3’ and affirmed the National Short-Term Rating at ‘F1+(tha)’. A full list of…

16 ก.ย. 64 15:48

thaipr.net

16 ก.ย. 64

Fitch Affirms SMTB Thai at ‘AAA(tha)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Rating of Sumitomo Mitsui Trust Bank (Thai) Public Company Limited (SMTBT) at ‘AAA(tha)’. The Outlook is Stable. Fitch has also affirmed the National Short-Term Rating at ‘F1+(tha)’. KEY RATING DRIVERSSMTBT’s ratings are driven by its role as a strategically important subsidiary of Japan-based parent, Sumitomo Mitsui Trust Bank, […]

16 ก.ย. 64 11:33

thaipr.net

16 ก.ย. 64

Fitch Affirms EASY BUY at ‘AA(tha)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Rating of Thailand-based EASY BUY Public Company Limited (EB) at ‘AA(tha)’ and its National Short-Term Rating at ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSEB’s ratings are driven by Fitch’s view that it is a strategically important subsidiary of Japan-based ACOM CO., LTD. (BBB+/Stable), which is one of […]

13 ก.ย. 64 15:45

thaipr.net

13 ก.ย. 64

Fitch Assigns Risland (Thailand)’s Proposed Guaranteed Debentures at ‘AA(tha)’

Fitch Ratings (Thailand) Limited has assigned residential property developer Risland (Thailand) Company Limited’s (RLT) proposed guaranteed debentures of up to THB3 billion due no later than 2024 a National Long-Term Rating of ‘AA(tha)’. The Outlook is Stable. RLT will use the proceeds from the bond issuance to repay loans, as well as for working capital […]

8 ก.ย. 64 17:22

thaipr.net

8 ก.ย. 64

Fitch Rates EASY BUY’s THB Senior Unsecured Bonds ‘AA(tha)’

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, which will be issued in tranches of up to three years. KEY RATING DRIVERS The bonds are rated at the same level as EB’s National Long-Term Rating as […]

6 ก.ย. 64 9:08

thaipr.net

6 ก.ย. 64

M&A Remains A Key Risk for PTTGC’s Deleveraging

PTT Global Chemical Public Company Limited’s (PTTGC, AA+(tha)/Negative) strong free cash flow(FCF) generation should support its ability to reduce leverage quickly following the acquisition of Allnex Holding GmbH (Allnex), but another large debt-funded acquisition could jeopardise the deleveraging prospects, Fitch Ratings says in a new report. Fitch expects PTTGC’s FFO net leverage to increase to […]

2 ก.ย. 64 9:11

thaipr.net

2 ก.ย. 64