Sunday February 23, 2020 05:57

Stcoks Press Release : 13 Nov 2019

mai welcomes property developer BC on Nov 14 Stcoks—13 Nov 19

Market for Alternative Investment (mai) will list Boutique Corporation pcl (BC), a real estate developer focusing on the build-operate-sell (BOS) business model, on November 14, under the ticker symbol "BC", with a market capitalization at its initial

Fitch Rates ICBCTL#s Senior Notes #AAA(tha)# Stcoks—13 Nov 19

Bangkok--13 Nov--Fitch Ratings

Fitch Ratings (Thailand) Limited has assigned a National Long-Term Rating of 'AAA(tha)' to ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures of up to THB3.5 billion. The debentures will be offered in tranches with tenors of up to five years.

The debentures will be issued under ICBCTL's THB30 billion medium-term note programme, which Fitch affirmed at 'AAA(tha)' and 'F1+(tha)' on 2 September 2019.
The proceeds will be used for refinancing and/or general operations.
KEY RATING DRIVERS
ICBCTL's senior notes are rated at the same level as its National Long-Term Rating as they represent the company's unsecured and unsubordinated obligations.

Fitch equalised ICBCTL's rating with that of its parent bank, Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT; AAA(tha)/Stable/F1+(tha)) to reflect Fitch's belief that the company is a core subsidiary of ICBCT. ICBCTL operates ICBCT's key hire-purchase business, which represents about a third of its net interest and fee income. Fitch assesses that ICBCTL is an integral part of ICBCT's business and franchise.

RATING SENSITIVITIES
The note ratings are sensitive to changes in ICBCTL's National Long-Term Rating, which i

KTC Proud cash cardmembers rejoice! Earn chances to win the Samsung Galaxy Note 10 total 5 prizes Stcoks—13 Nov 19

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited, jointly create an experience that allows "KTC PROUD" cash cardmembers to access card information, personal account and to make online transactions

UOB Asset Management and Value3 Advisory to launch AI-enabled credit rating platform in ASEAN for Stcoks—13 Nov 19

UOB Asset Management Ltd (UOBAM) and Value3 Advisory Pte. Ltd. (Value3)[1], a financial technology (FinTech) start-up, today announced their collaboration to launch an artificial intelligence (AI)-enabled credit rating, research and reporting service in