Fitch Ratings

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…

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…

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, […]

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 […]

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 […]

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 […]

Fitch Ratings (Thailand) has assigned Bank of Ayudhya Public Company Limited’s (BAY; AAA(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures a rating of ‘AA(tha)’. KEY RATING DRIVERSThe Basel III Tier 2 notes are rated two notches below the issuer’s National Long-Term Rating, to reflect their higher loss-severity risk relative to senior unsecured […]