Friday November 24, 2017 12:52

Stcoks Press Release : 21 Mar 2017

SET initiates innovative startup training project for universities nationwide Stcoks—21 Mar 17

The Stock Exchange of Thailand (SET), jointly with National Science Technology and Innovation Policy Office, National Innovation Agency, and SET's university network, joins forces to support the government's economic development policy by initiating

Fitch Rates Siam City Cement#s Debentures at #A(tha)# Stcoks—21 Mar 17

Bangkok--21 Mar--Fitch Ratings
Fitch Ratings (Thailand) Limited has assigned an 'A(tha)' National Long-Term Rating to Siam City Cement Public Company Limited's (SCCC, A(tha)/Stable) new senior unsecured debentures.

The debentures, totalling up to THB13 billion, will be issued in multiple tranches with due dates up to 2029. They are rated at the same level as SCCC's National Long-Term Rating as they represent senior unsecured obligations of the company. Proceeds will be used as working capital, to refinance the existing debts, or to fund future capex.

KEY RATING DRIVERS

Benefits from Increasing Diversification: Fitch expects SCCC's broader geographical diversification to help reduce the risk of single-market concentration. SCCC has aggressively expanded its regional footprint through greenfield investment in Cambodia and acquisitions in Bangladesh, Sri Lanka, and Vietnam over the past year. The revenue contribution outside Thailand will grow significantly to above THB20 billion in 2017, from THB6 billion in 2015, representing almost 50% of total revenue.

Strong Market Position: SCCC is Thailand's second-largest cement producer, with a stable market share of 27%-28% based on sales. SCCC has defended its market position against capacity expansion and heightened competition in its domestic market over the past two years, w

U.K.-Based Aggregator Vehicle PLC ProjectCo Senior Debt Affirmed At #A-#; Rating Then Withdrawn At Stcoks—21 Mar 17

STOCKHOLM (S&P Global Ratings) March 21, 2017--S&P Global Ratings said today that it affirmed its 'A-' long-term issue rating on the senior secured debt raised by U.K.-based limited-purpose entity Aggregator Vehicle PLC (ProjectCo). The rating

UDC Finance #BBB/A-2# Ratings Remain On CreditWatch Negative Stcoks—21 Mar 17

MELBOURNE (S&P Global Ratings) March 21, 2017--S&P Global Ratings today said it has maintained its 'BBB/A-2' ratings on New Zealand-based UDC Finance Ltd. (UDC) on CreditWatch with negative implications. We initially placed the ratings on UDC on

Firstmac Mortgage Funding Trust No.4 Series 4PP-2016 Class A1b Notes Assigned Six Stcoks—21 Mar 17

MELBOURNE (S&P Global Ratings) March 21, 2017--S&P Global Ratings today assigned its 'AAA (sf)' rating to the Australian-dollar class A1b notes issued by FirstMac Fiduciary Services Pty Ltd. as trustee of Firstmac Mortgage Funding Trust No.4

Toshiba Sogo Finance Beneficiary Certificate Series 4 RMBS #AAA (sf)# Ratings Stcoks—21 Mar 17

TOKYO (S&P Global Ratings) March 21, 2017--S&P Global Ratings today said it has affirmed its 'AAA (sf)' ratings on class A and class B of the Toshiba Sogo Finance Beneficiary Certificate Series 4 transaction (see list below). Today's rating

Fitch Affirms AIA Thailand at #AAA(tha); Outlook Stable Stcoks—21 Mar 17

Fitch Ratings has affirmed the National Insurer Financial Strength (IFS) Rating on AIA Company Limited, Thailand Branch at 'AAA(tha)'. The Outlook is Stable. KEY RATING DRIVERS The rating reflects AIA Thailand's legal status as a branch of AIA Company

Photo Release: SCB reaffirms financial innovation leadership yet again with payment solutions for Stcoks—21 Mar 17

Khun Pisit Poosanakhom, Chief Executive Officer of Villa Market JP Co., Ltd., operating supermarkets under the Villa Market brand, and Khun Pipat Assamongkol, First Executive Vice President, Global Transaction Services Division of Siam Commercial Bank,

CIMB Thai Bank appoints ZethjakLeeyakars as a Head of Compliance Department Stcoks—21 Mar 17

CIMB Thai Bank stated that the bank has appointedMr.ZethjakLeeyakarsas Executive Vice President, Head of Compliances of CIMB Thai Bank effective since March 2017. Zethjak brings with him more than 20 years of working experiences in Compliance. Zethjak

JNTO Launches Japan Incentives Website in 4 Languages to Showcase Japan#s Appeal as MICE Stcoks—21 Mar 17

The Japan National Tourism Organization's (JNTO) has launched a specialized website for Japan incentives, featuring information on incentives in the country. The incentives site is hosted within JNTO's Japan MEETINGS & INCENTIVES website for

Photo Release: EXIM Thailand Joins Hand with ICBC (Thai) to Promote International Trade and Stcoks—21 Mar 17

Mr. Pisit Serewiwattana (third right), President of Export-Import Bank of Thailand (EXIM Thailand), together with Dr. Zhigang Li (third left), Chairman of the Board of Directors, Industrial and Commercial Bank of China (Thai) Public Company Limited or

Photo Release: Bangkok Bank supports dinner talk to celebrate 62nd Anniversary of the Thai Stcoks—21 Mar 17

Bangkok Bank Vice Presidents of Public Relations Department, Aphiwat Punnopakorn (2nd from right) and Suwit Indrachalerm (right), presented Baht 500,000 to the President of the Thai Journalists Association, Paramet Lekpetch (2nd from left), and the Past

Photo Release: EXIM Thailand Joins Force with Khonkaen FTI to Promote SME Exporters and Export Stcoks—21 Mar 17

Mr. Pisit Serewiwattana (center), President of Export-Import Bank of Thailand (EXIM Thailand), recently met with Mr. Adirek Hongpulpipat (third left), Chairman of the Federation of Thai Industries, Khonkaen, at Khonkaen FTI Office to expand collaboration

Photo Release: KTC joins hands with APEX Medical Center, celebrating a new branch opening with Stcoks—21 Mar 17

"KTC" or Krungthai Card Public Company Limited, in collaboration with "APEX Medical Center" a leading beauty and health center, celebrates a new branch opening in Ploenchit. Any KTC members who purchase a health check-up and a medical weight loss package

Photo Release: Bangkok Bank and Thitikorn PCL celebrate the successful issuance of debentures No. Stcoks—21 Mar 17

Bangkok Bank Director Piti Sithi-Amnuai (5th from right), Senior Executive Vice President Chansak Fuangfu (4th from right) and Bangkok Bank executives, together with Thitikorn Public Company Limited Chairman Dr. Chumpol Phornprapha (4th from left),

Photo Release: SEC launches CG Code Stcoks—21 Mar 17

The SEC – in cooperation with the Stock Exchange of Thailand, the Federation of Accounting Professions, the Thai Institute of Directors, the Thai Listed Companies Association, the MAI Listed Companies Association, the Thai Investors Association,

Castro County, TX Certificates Of Obligation Assigned #A+# Rating Stcoks—21 Mar 17

DALLAS (S&P Global Ratings) March 20, 2017--S&P Global Ratings assigned its 'A+' long-term rating to Castro County, Texas' $6.87 million series 2017 certificates of obligation. The outlook is stable. Proceeds from the certificates will fund the

Petrobras Argentina S.A. #B-# Corporate Credit Rating Withdrawn Stcoks—21 Mar 17

BUENOS AIRES (S&P Global Ratings) March 20, 2017--S&P Global Ratings said today that it withdrew its 'B-' global scale corporate credit ratings on Petrobras Argentina S.A. (PESA). On Feb. 16, 2017, Pampa Energia fully absorbed PESA. We believe

Neovia Logistics LP Ratings Lowered To #SD# From #CC# On PIK Exchange Ratings Removed From Stcoks—21 Mar 17

NEW YORK (S&P Global Ratings) March 20, 2017--S&P Global Ratings said today that it lowered its corporate credit rating on U.S.-based logistics provider Neovia Logistics LP and Neovia Logistics Intermediate Holdings LP to 'SD' from 'CC' and

Friday Harbor, WA Sewer Revenue Bond Rating Lowered To #A+# On The Application Of Our Revised Stcoks—21 Mar 17

SAN FRANCISCO (S&P Global Ratings) March 20, 2017--S&P Global Ratings lowered its long-term rating to 'A+' from 'AA-' on Town of Friday Harbor, Wash.'s sewer revenue bonds. The outlook is stable. "We lowered the rating based on the application of

NXT Capital CLO 2017-1 LLC#s $349.350 Million Notes Assigned Preliminary Stcoks—21 Mar 17

CENTENNIAL (S&P Global Ratings) March 20, 2017--S&P Global Ratings today assigned its preliminary ratings to NXT Capital CLO 2017-1 LLC's $349.350 million floating-rate notes (see list). The note issuance is a collateralized loan obligation

Moraga Elementary School District, CA GO Rating Raised To #AA+# On Improving Finances And Financial Stcoks—21 Mar 17

SAN FRANCISCO (S&P Global Ratings) March 20, 2017--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on Moraga Elementary School District, Calif.'s general obligation (GO) bonds. In addition, S&P Global Ratings assigned its

Santa Margarita Water District, CA Revenue Bond Rating Raised To #AA+# On Members# Increasing Stcoks—21 Mar 17

SAN FRANCISCO (S&P Global Ratings) March 20, 2017--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on Santa Margarita-Dana Point, Calif.'s existing series 2009A revenue bonds, issued as general obligation (GO) bonds, for the

Nigeria: World Bank Approves $200 Million Emergency Support to North Stcoks—21 Mar 17

ABUJA, March 20, 2017—The World Bank's Board today approved a $200 million credit to support the Government of Nigeria's response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria.

World Bank approves new financing to support affordable housing in Stcoks—21 Mar 17

WASHINGTON, March 20, 2017— The World Bank's Board of Executive Directors has approved $450 million in financing to support the Government of Indonesia's efforts to expand access to affordable housing for low-income families. Part of the financing

Creditcorp Ratings Lowered To #B-# On Financial Outlook Negative Stcoks—21 Mar 17

NEW YORK (S&P Global Ratings) March 20, 2017--, S&P Global Ratings said today it lowered its issuer credit rating on Creditcorp to 'B-' from 'B'. The outlook is negative. "At the same time, we lowered the issue ratings on Creditcorp's 12% senior

Tanzania is a Frontrunner for Scaled Up Resources from World Bank Group Stcoks—21 Mar 17

DAR ES SALAAM, March 20, 2017 — Today World Bank Group President Jim Yong Kim announced that Tanzania will be able to access up to $2.4 billion in concessional financing over the next three years, an increase of half a billion dollars over previous

Greektown Holdings LLC Secured Debt Ratings Lowered To #B# On Proposed $25M Term Loan Upsizing Stcoks—21 Mar 17

NEW YORK (S&P Global Ratings) March 20, 2017--S&P Global Ratings today lowered its issue-level rating on Detroit-based gaming operator Greektown Holdings LLC' s secured debt (consisting of a proposed $50 million revolver due 2022 and a proposed