Fitch Ratings has affirmed Thailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB ' with a Stable Outlook.A full list of rating actions is at the end of this rating action commentary.KEY RATING DRIVERSExternal Strengths, Structural Constraints: Thailand's ratings reflect its robust external finances an
Fitch Ratings (Thailand) 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.The affirmation reflects EPG's strong financial profile despite a temporary increase
Fitch Ratings has affirmed Thailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB ' with a Stable Outlook.A full list of rating actions is at the end of this rating action commentary.KEY RATING DRIVERSExternal Strengths, Structural Constraints: Thailand's ratings balance its strong external finances an
Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A-'. The Outlooks are Stable. Fitch has also affirmed the bank's National Long-Term Rating at 'AAA(tha)' with a Stable Outlook.A full list of
Fitch Ratings has affirmed the ratings on Minor International Public Company Limited's (MINT) US dollar guaranteed senior perpetual capital securities at 'BBB'.The rating reflects the credit enhancement provided to investors by the guarantee from Thailand-based Bangkok Bank Public Company Limited (B
Fitch Ratings has affirmed United Overseas Bank (Thai) Public Company Limited's (UOBT) Long-Term Issuer Default Rating (IDR) at 'A-' and National Long-Term Rating at 'AAA(tha)'. The Outlooks are Stable. Fitch has also affirmed the bank's Shareholder Support Rating (SSR) at 'a-', Short-Term
Fitch Ratings has affirmed Thailand-based PTT Public Company Limited's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB ' and National Long-Term Rating at 'AAA(tha)'. The Outlook is Stable. The agency has also affirmed the Short-Term IDR at 'F1', the Nation
Fitch Ratings (Thailand) has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'BBB (tha)'. The Outlook remains Negative. The agency has also affirmed its National Short-Term Rating at 'F2(tha)' and the National Long-Term Rating on it
Fitch Ratings has affirmed DAOL Securities (Thailand) Public Company Limited's (DAOLSEC) National Long-Term Rating at 'BB (tha)' and National Short-Term Rating at 'B(tha)', and removed them from Rating Watch Negative (RWN). The Outlook on the National Long-Term Rating is Stable.The affirmati
Fitch Ratings has affirmed Thailand-based Siam City Cement Public Company Limited's (SCCC) National Long-Term Rating at 'A(tha)', its National Short-Term Rating at 'F1(tha)' and the National Long-Term Rating on its senior unsecured debentures at 'A(tha)'. The Outlook is Stable.SCCC's ratings reflect
Fitch Ratings has affirmed Thai Life Insurance Public Company Limited's (TLI) Insurer Financial Strength (IFS) Rating at 'A-' (Strong) and National IFS Rating at 'AAA(tha)'. The Outlooks are Stable.The ratings reflect its 'Favourable' company profile, solid capital and 'Strong' financial performance with soun
Fitch Ratings has affirmed the Insurer Financial Strength (IFS) Rating on Muang Thai Life Assurance Public Company Limited (MTL) at 'A-' and the Long-Term Issuer Default Rating (IDR) at 'BBB '. The Outlook on the ratings is Stable.At the same time, Fitch has affirmed the National IFS Rating at 'AAA(tha)
Fitch has affirmed Krungthai XSpring Securities Company Limited's (KTX) National Long-Term Rating at 'AA-(tha)' and National Short-Term Rating at 'F1 (tha)'. The Outlook is Stable.KEY RATING DRIVERSShareholder Support-Driven Ratings: The National Long-Term Rating is driven by Fitch's expectation that KTX's m
Fitch Ratings (Thailand) has affirmed AEON Thana Sinsap (Thailand) Public Company Limited's (AEONTS) National Long-Term Rating at 'A-(tha)'. The Outlook is Stable. Fitch has also affirmed the company's National Short-Term Rating at 'F2(tha)' and the senior unsecured ratings at 'A-(tha)'.KEY RATING DRIVERSThe
Fitch Ratings has affirmed Thai Reinsurance Public Company Limited's (THRE) Insurer Financial Strength (IFS) Rating at 'A-' (Strong). The Outlook is Stable.The affirmation reflects THRE's 'Favourable' company profile, 'Strong' capitalisation, and 'Good' investment and liquidity risk. It also takes into consider
Fitch Ratings (Thailand) has affirmed UOB Capital Services Company Limited's (UOBCS) National Long-Term Rating at 'AAA(tha)' and National Short-Term Rating at 'F1 (tha)'. The Outlook is Stable.KEY RATING DRIVERSRatings Reflect Shareholder Support: UOBCS's National Ratings are driven by Fitch's expectation
Fitch Ratings has affirmed SCG Chemicals Public Company Limited's (SCGC) National Long-Term Rating and the senior unsecured rating of SCGC's THB100 billion medium-term note programme at 'A (tha). The Outlook remains Negative.SCGC's ratings are equalised with that of its stronger parent, The Siam Cement
Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating at 'BBB-' and National Long-Term Rating at 'AA(tha)' with a Stable Outlook. Fitch has also affirmed the senior unsecured rating at 'AA(tha)'.The affirmation reflects our expectation
Fitch Ratings has affirmed Electricity Generating Authority of Thailand's (EGAT) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB ' with a Stable Outlook. The agency has also affirmed EGAT's senior unsecured rating at 'BBB '.EGAT's ratings reflect its Standalone Credit Profile (SCP) of 'bbb ', the sa
Fitch Ratings (Thailand) has affirmed Asia Plus Group Holdings Public Company Limited's (ASP) National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch has also affirmed ASP's National Short-Term Rating at 'F1(tha)'.KEY RATING DRIVERSRatings Reflect Standalone Strength: ASP's National Long-Term
Fitch Ratings (Thailand) has affirmed Finansia Syrus Securities Public Company Limited's (FSS) National Long-Term Rating at 'BBB (tha)' The Outlook is Stable. Fitch has also affirmed the National Short-Term Rating at 'F2(tha)'.KEY RATING DRIVERSStandalone Profile Underpins Ratings: T
Fitch Ratings has affirmed Thailand-based Global Power Synergy Public Company Limited's (GPSC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' and National Long-Term Rating at 'A (tha)'. The Outlook is Stable. The agency has also affirmed the 'A (tha)' rating on GPSC's senior unsecu
Fitch Ratings has affirmed Thailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB ' with a Stable Outlook.A full list of rating actions is at the end of this rating action commentary.Key Rating DriversExternal Strengths, Structural Constraints: Thailand's ratings are underpinned by its robust external
Fitch Ratings (Thailand) Limited has affirmed community-mall developer and operator Siam Future Development Public Company Limited's (SF) National Long-Term Rating at 'BBB (tha)' with a Stable Outlook. Fitch has also affirmed the National Short-Term Rating at 'F2(tha)' and national senior unsecured rating at 'B
Fitch Ratings (Thailand) has affirmed Raimon Land Public Company Limited's (RML) National Long-Term Rating of 'CCC(tha)'. The rating reflects RML's unfunded liquidity and high refinancing risks over the next 12 months.Concurrently, Fitch has chosen to withdraw RML's rating for commercial
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 gu
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 Nati
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 own
Fitch Ratings has affirmed Small and Medium Enterprise Development Bank of Thailand's (SME Bank) National Long-Term Rating at 'AAA(tha)'. The Outlook is Stable. The agency has also affirmed the bank's National Short-Term Rating at 'F1 (tha)'.KEY RATING DRIVERSGovernment Support Drives Ratings: SME Bank's
Fitch Ratings has affirmed Export-Import Bank of Thailand's (EXIM) Long-Term Issuer Default Rating (IDR) at 'BBB ' and National Long-Term Rating at 'AAA(tha)'. The Outlook is Stable. A full list of rating actions is below.Fitch has withdrawn EXIM's Support Rating of '2' and Support Rating Floor of 'BBB ', because