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…

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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, […]

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16 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 […]

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2 ก.ย. 64

Fitch Rates Bank of Ayudhya’s Basel III Tier 2 THB Notes at ‘AA(tha)’

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 […]

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30 ส.ค. 64

Fitch Affirms Eastern Polymer Group at ‘A-(tha)’; Stable Outlook

Fitch Ratings (Thailand) Limited has affirmed Eastern Polymer Group Public Company Limited’s (EPG) National Long-Term Rating and the National Long-Term Rating on its senior unsecured debt at ‘A-(tha)’. The Outlook is Stable. EPG’s rating reflects its steady operating performance amid the economic downturn, its leading position in a niche market through diversified businesses and low […]

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27 ส.ค. 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 offered to institutional…

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13 ส.ค. 64

Fitch Assigns Siam Cement’s Proposed Debentures ‘A+(tha)’ Rating

Fitch Ratings (Thailand) Limited has assigned The Siam Cement Public Company Limited’s (SCC, A+(tha)/Stable) proposed THB25 billion unsecured and unsubordinated debentures a National Long-Term Rating of ‘A+(tha)’. The proceeds from the proposed debentures No.2/2564, which are due 2025, will be used to refinance maturing debentures No.3/2560 due October 2021. The proposed debentures are rated at […]

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2 ส.ค. 64
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