Fitch Ratings | Page 9 of 22

Fitch Rates ICBCTL’s Senior Unsecured Notes ‘AAA(tha)’

Fitch Ratings (Thailand) has assigned ICBC (Thai) Leasing Company Limited’s (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming issue of senior unsecured notes a National Long-Term Rating of ‘AAA(tha)’. The notes will be issued under the 2022 medium-term note (MTN) programme and the proceeds will be used for debt repayment and/or working capital. KEY RATING DRIVERSICBCTL’s senior unsecured notes are […]

16 พ.ย. 65 13:44

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16 พ.ย. 65

Fitch Affirms Risland (Thailand)’s Guaranteed Debentures at ‘BBB+(tha)’; Outlook Negative

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on the guaranteed debentures of Risland (Thailand) Company Limited (RLT) at ‘BBB+(tha)’. The Outlook is Negative. The debentures are guaranteed by China-based Country Garden Holdings Company Limited (CGH). The guaranteed debentures’ ratings are based entirely on our assessment of CGH’s credit profile. The affirmation follows the […]

11 พ.ย. 65 17:15

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11 พ.ย. 65

Fitch Affirms InnovestX at ‘AA(tha)’; Outlook Stable; Removes Rating Watch Evolving

Fitch Ratings (Thailand) has affirmed InnovestX Securities Company Limited’s (formerly named SCB Securities Company Limited) National Long-Term Rating of ‘AA(tha)’ and National Short-Term Rating of ‘F1+(tha)’ with a Stable Outlook. Fitch has removed the Rating Watch Evolving from the National Long-Term Rating, on which it was placed in March 2022. KEY RATING DRIVERSThe removal of […]

10 พ.ย. 65 15:52

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10 พ.ย. 65

Fitch Assigns SCBX ‘AA+(tha)’ National Rating; Outlook Stable

Fitch Ratings has assigned Thailand-based SCB X Public Company Limited (SCBX, BBB/Stable) a National Long-Term Rating of ‘AA+(tha)’ and National Short-Term Rating of ‘F1+(tha)’. The Outlook is Stable. KEY RATING DRIVERSSCBX’s ‘AA+(tha)’ National Long-Term Rating is equalised with that of its main subsidiary, The Siam Commercial Bank Public Company Limited (SCB, BBB/AA+(tha)/Stable). This is consistent…

10 พ.ย. 65 9:092022-11-10

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10 พ.ย. 65

Fitch Affirms DAD SPV’s Bonds at ‘AAAsf(tha)’; Outlook Stable

Fitch Ratings (Thailand) has affirmed DAD SPV Company Limited’s (DAD SPV) bonds at ‘AAAsf(tha)’ with a Stable Outlook. The CMBS transaction is backed by 30-year lease and fee payments from the government office centre in northern Bangkok, which is developed and managed by the Ministry of Finance’s wholly owned asset-development company, Dhanarak Asset Development Company […]

8 พ.ย. 65 16:22

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8 พ.ย. 65

Fitch Places JWD InfoLogistics’ National Ratings on Rating Watch Positive

Fitch Ratings (Thailand) has placed JWD InfoLogistics Public Company Limited’s ‘BB+(tha)’ National Long-Term Rating and its ‘B(tha)’ National Short-Term Rating on Rating Watch Positive (RWP). This follows JWD’s announcement of its merger with SCG Logistics Management Company Limited (SCGL), a subsidiary of The Siam Cement Public Company Limited’s (SCC, A+(tha)/Negative) group, by share swaps. The…

4 พ.ย. 65 13:392022-11-04

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4 พ.ย. 65

Fitch Downgrades Risland (Thailand)’s Guaranteed Debentures to ‘BBB+(tha)’; Outlook Negative

Fitch Ratings (Thailand) has downgraded the National Long-Term Ratings on the guaranteed debentures of Risland (Thailand) Company Limited (RLT) to ‘BBB+(tha)’ from ‘A(tha)’. The Outlook is Negative. The ratings have been removed from Rating Watch Negative. The debentures are guaranteed by China-based Country Garden Holdings Company Limited (CGH, BB-/Negative). The downgrade follows the 31 October […]

3 พ.ย. 65 9:30

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3 พ.ย. 65

Fitch Rates Asia Sermkij Leasing’s THB Senior Unsecured Debentures at ‘A(tha)’

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘A(tha)’ to Asia Sermkij Leasing Public Company Limited’s (ASK; A(tha)/Stable) upcoming issue of senior unsecured debentures. The company plans to use the proceeds for debt repayment and working capital. KEY RATING DRIVERSThe senior unsecured debentures are rated at the same level as ASK’s National Long-Term […]

19 ต.ค. 65 17:33

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19 ต.ค. 65

Major Thai Gencos’ Leverage to Stay High on Capacity Expansion, Renewable Investments

Thailand’s major private power-generating companies’ (genco) investment will rise over the next five years as they transition towards cleaner energy and expand their power generation portfolio, in line with the country’s Power Development Plan, Fitch Ratings says. We expect the average capex and investment spending of the major private power producers in the next five […]

19 ต.ค. 65 17:11

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19 ต.ค. 65

Thailand Resilient to Global Shocks

Fitch Ratings expects Thailand’s economic recovery to continue despite slowing growth elsewhere due to its strong external buffers and a rebound in domestic demand and tourism. The overall performance of Thai banks and corporates is likely to continue to improve, although growth will be constrained by high energy costs, according to the Fitch analysts that […]

19 ต.ค. 65 9:50

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19 ต.ค. 65