Fitch Assigns Minor International’s USD Guaranteed Securities Final ‘BBB’ Rating

Fitch Ratings has assigned Minor International Public Company Limited’s (MINT) US dollar guaranteed senior perpetual capital securities a final rating of ‘BBB’. The final rating reflects the credit enhancement provided to investors by the unconditional and irrevocable guarantee from Thailand-based Bangkok Bank Public Company Limited (BBL, BBB/Stable) acting through its Singapore branch. The final rating […]

thaipr.net

21 ก.ค. 64

Thailand’s PTT Has Sufficient Headroom to Support Acquisitions

Thailand-based PTT Public Company Limited’s (BBB+/AAA(tha)/Stable) petrochemical and power acquisitions, which form part of its energy transition plan, will enhance the group’s geographic and business diversification, Fitch Ratings says. The acquisitions will drive up PTT’s financial leverage over the next two years, but the current low financial leverage should provide headroom to absorb the investments. […]

thaipr.net

20 ก.ค. 64

Fitch Affirms Standard Chartered Bank (Thai) at ‘A-‘; Outlook Negative

Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited’s (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A-‘ with a Negative Outlook. KEY RATING DRIVERSIDRS, SUPPORT RATING AND NATIONAL RATINGS SCBT’s IDRs and Support Rating are driven by our assessment of institutional support. The agency believes SCBT’s parent, Standard Chartered Bank […]

thaipr.net

16 ก.ค. 64

Fitch Ratings to Reassess Siam Future’s Ratings if CPN Gains Controlling Stake

The potential change in the ownership of Siam Future Development Company Limited (SF, BBB-(tha)/Stable) could lead Fitch Ratings to reassess the rating on the community mall developer and operator. SF’s ratings are currently based on its standalone credit profile, because no single corporate entity exerts control over the company. However, should Central Pattana Public Company […]

thaipr.net

16 ก.ค. 64

Fitch Affirms Thailand at ‘BBB+’; Outlook Stable

Fitch Ratings has affirmed Thailand’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook. KEY RATING DRIVERS Thailand’s ratings are supported by robust external and public finances, which continue to provide buffers against downside risks amid a prolonged economic recovery from the coronavirus pandemic. These strengths are balanced against weaker structural features […]

thaipr.net

21 มิ.ย. 64

Fitch Downgrades JWD InfoLogistics to ‘BBB-(tha)’; Outlook Stable

Fitch Ratings (Thailand) Limited has downgraded JWD InfoLogistics Public Company Limited’s National Long-Term Rating to ‘BBB-(tha)’ from ‘BBB(tha)’ The Outlook is Stable. At the same time, Fitch has affirmed its bond programme guaranteed by Credit Guarantee and Investment Facility (CGIF) at ‘AAA(tha)’ and its National Short-Term Rating at ‘F3(tha)’. The downgrade is based on our […]

thaipr.net

15 มิ.ย. 64

Fitch Rates KASIKORNBANK’s Short-Term Debentures at ‘F1+(tha)

Fitch Ratings (Thailand) has assigned KASIKORNBANK Public Company Limited’s (KBank, BBB/AA+(tha)/Stable/bbb) upcoming euro-denominated senior unsecured short-term debentures a National Short-Term Rating of ‘F1+(tha)’. The notes will be issued under the bank’s THB30 billion medium-term note programme, which allows for issuance in both Thai baht and foreign currencies. The debentures will be issued in two tranches,…

thaipr.net

15 มิ.ย. 64

Fitch Rates Krungthai Zmico’s Senior Unsecured Notes ‘A+(tha)’

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A+(tha)’ to Krungthai Zmico Securities Company Limited’s (KTZ; A+(tha)/Stable/F1+(tha)) upcoming THB500 million senior unsecured notes, which have a green shoe option of an additional THB200 million. The proceeds will be used for working capital. KEY RATING DRIVERSThe senior unsecured notes are rated at the same […]

thaipr.net

17 ก.พ. 64

Fitch Assigns First-Time ‘AAA(tha)’ to JWD InfoLogistics’s Guaranteed Bond Programme

Fitch Ratings (Thailand) Limited has assigned a first-time National Long-Term Rating of ‘AAA(tha)’ to JWD InfoLogistics Public Company Limited’s (JWD, BBB(tha)/Negative) proposed bond programme of up to THB1.9 billion. The scheduled payments of interest and principal of the bonds issued under the programme will be unconditionally and irrevocably guaranteed by Credit Guarantee and Investment Facility […]

thaipr.net

11 ก.พ. 64

Fitch Rates Maybank Kim Eng Securities’ Long-Term Subordinated Debentures ‘AA-(tha)’

Fitch Ratings (Thailand) has assigned Maybank Kim Eng Securities (Thailand) Public Company Limited’s (MBKET, AA(tha)/Stable/F1+(tha)) upcoming Thai baht subordinated debentures a National Long-Term Rating of ‘AA-(tha)’. The company plans to use the proceeds from the new issue to manage its funding and liquidity requirements. KEY RATING DRIVERSThe National Long-Term Rating on the debentures is one […]

thaipr.net

30 พ.ย. 63
1 19 20 21