Siam Commercial Bank Public Co. Ltd.#s Senior Unsecured Notes Under MTN Program Rated #BBB+#

Stocks and Financial Services Press Releases Monday November 13, 2017 17:41
SINGAPORE--13 Nov--S&P Global Ratings

SINGAPORE (S&P Global Ratings) Nov. 13, 2017--S&P Global Ratings today assigned its 'BBB+' long-term issue rating to a proposed issue of U.S.-dollar-denominated senior unsecured notes by Siam Commercial Bank Public Co. Ltd. (SCB: BBB+/Stable/A-2). SCB is issuing the notes under the bank's US$3.5 billion global medium-term notes program. The ratings on these notes reflect the long-term issuer credit rating on SCB.

The notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of SCB. The notes will rank equally with all other unsecured obligations of the bank, except for statutorily preferred obligations.


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