Thursday July 18, 2019 10:01

FITCH RATING Press Releases

Fitch Ratings: BAM#s Senior Note Rating Intact After Size Increase Stcoks—11 Jul 19

Fitch Ratings (Thailand) says the 'AA-(tha)' National Long-Term Rating on Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) upcoming senior unsecured notes will not be affected by a change in the issue size. The size

Fitch Rates KTB Securities# THB Subordinated Debentures #BB-(tha)# Stcoks—05 Jul 19

Fitch Ratings-Bangkok-05 July 2019: Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'BB-(tha)' to KTB Securities (Thailand) Public Company Limited's (KTBST; BB(tha)/Stable) upcoming issue of up to THB400 million in subordinated

Fitch Affirms Finansa at #BBB-(tha)#; Outlook Stable Events—03 Jul 19

Fitch Ratings - Bangkok - 03 July 2019: Fitch Ratings (Thailand) has affirmed Finansa Public Company Limited's (FNS) National Long-Term Rating at 'BBB-(tha)' with a Stable Outlook. The agency has also affirmed the company's National Short-Term Rating at

Fitch Affirms Asia Plus Group Holdings at #A(tha)#; Outlook Stable Events—03 Jul 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on Asia Plus Group Holdings Public Company Limited (ASP) at 'A(tha)' with a Stable Outlook. At the same time, the agency has affirmed ASP's National Short-Term Rating at 'F1(tha)'. KEY

Fitch Affirms Finansia Syrus#s National Long-Term Rating at #BBB+(tha)#; Outlook Events—03 Jul 19

Fitch Ratings (Thailand) has affirmed Finansia Syrus Securities Public Company Limited's (FSS) National Long-Term Rating at 'BBB+(tha)' with a Stable Outlook, and its National Short-Term Rating at 'F2(tha)'. KEY RATING DRIVERS FSS's ratings reflect its

Fitch Affirms KTB Securities (Thailand) at #BB(tha)#; Outlook Stable Stcoks—03 Jul 19

Fitch Ratings (Thailand) has affirmed KTB Securities (Thailand) Public Company Limited's (KTBST) National Long-Term Rating at 'BB(tha)' with a Stable Outlook, National Short-Term Rating at 'B(tha)' and subordinated debentures at 'BB-(tha)'. KEY RATING

Fitch Ratings: Thailand to Benefit from Growth of China#s Investments in Stcoks—03 Jul 19

The importance and long-term benefits of China's Belt and Road Initiative for the Asia-Pacific region and China's economic and credit outlooks were among the key points highlighted at Fitch Ratings (Thailand) Limited's semi-annual investor briefing on

Fitch Ratings: Mozambique Project, Partex Acquisition to Boost PTTEP#s Stcoks—27 Jun 19

PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Stable) recent acquisition of Partex Holdings B.V. and the final investment decision on its Mozambique liquefied natural gas (LNG) project will boost the company's reserves and

Fitch Rates Bangkok Commercial Asset Management#s Senior Notes #AA-(tha)# Stcoks—26 Jun 19

Fitch Ratings-Bangkok-26 June 2019: Fitch Ratings (Thailand) has assigned Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) upcoming senior unsecured notes of up to THB15.0 billion a rating of 'AA-(tha)'. The notes

Fitch Upgrades Thailand#s IRPC to #A(tha)#; Outlook Stable Stcoks—24 Jun 19

Fitch Ratings (Thailand) has upgraded IRPC Public Company Limited's National Long-Term Rating and senior unsecured rating to 'A(tha)' from 'A-(tha)'. The Outlook is Stable. Fitch has also upgraded IRPC's National Short-Term Rating to 'F1(tha)' from

Fitch Upgrades Thailand#s PTT Global Chemical to #AA+(tha)#; Outlook Stcoks—20 Jun 19

Fitch Ratings (Thailand) Limited has upgraded PTT Global Chemical Public Company Limited's (PTTGC) National Long-Term Rating and senior unsecured rating to 'AA+(tha)' from 'AA(tha)'. The Outlook on the National Long-Term Rating is Stable. Fitch has also

Fitch Affirms Siam Cement #A+(tha)#; Outlook Stable Stcoks—18 Jun 19

Fitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Limited's (SCC) National Long-Term Rating at 'A+(tha)' with Stable Outlook. The agency has also affirmed SCC's senior unsecured rating at 'A+(tha)' and National Short-Term

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)# Stcoks—14 Jun 19

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to EASY BUY Public Company Limited's (EB; AA+(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to three years. KEY RATING DRIVERS The

Fitch Ratings: Large Thai Food Retailers Face Challenges to Maintain Stcoks—13 Jun 19

Fitch Ratings-Bangkok-13 June 2019: The margins of Thailand's leading food retailers will come under pressure over the medium term due to fiercer competition, higher fixed costs per unit of sales from smaller store sizes and increasing proportion of

Fitch Affirms 5 Thai Non-Bank Subsidiaries of Foreign Financial Institutions Stcoks—10 Jun 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on five Thailand-based non-bank subsidiaries of foreign financial institutions as follows: EASY BUY Public Company Limited (EB) at 'AA+(tha)' Maybank Kim Eng Securities (Thailand)

Fitch Rates KTB#s Basel III Tier 2 THB Notes at #AA(tha)# Stcoks—04 Jun 19

Fitch Ratings (Thailand) has today assigned a National Long-Term Rating of 'AA(tha)' to Krung Thai Bank Public Company Limited's (KTB; AA+(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures. At

Fitch Assigns PTT Exploration First-Time IDR of #BBB+#/Stable Stcoks—29 May 19

Fitch Ratings has assigned Thailand's PTT Exploration and Production Public Company Limited (PTTEP) a first-time Issuer Default Rating (IDR) of 'BBB+'. The Outlook is Stable. The agency has also assigned the company a senior unsecured rating of

Fitch Rates EXIM#s USD300 Million Senior Notes Final #BBB+# Stcoks—23 May 19

Fitch Ratings has assigned Export-Import Bank of Thailand's (EXIM, BBB+/Stable) USD300 million five-year senior unsecured notes a final rating of 'BBB+'. The notes were issued under the bank's USD1.5 billion medium-term note (MTN) programme. The

Fitch Ratings: ICBCTL Senior Bond Rating Unaffected by Increase in Stcoks—21 May 19

Fitch Ratings (Thailand) says the 'AAA(tha)' National Long-Term Rating on ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures will not be affected by a change in the issue size. The size of the

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)# Stcoks—16 May 19

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN) programme. EXIM plans

Fitch Ratings: Maturing Thai Mobile Market Raises Risks for Telcos Stcoks—13 May 19

The 1Q19 results of the two major Thai telecom operators highlight the challenges facing the industry amid a slowing mobile sector, says Fitch Ratings. Domestic telcos are likely to compete aggressively including offering unlimited data packages, putting

Fitch Affirms KCE Electronics at #A-(tha)#; Outlook Stable Stcoks—13 May 19

Fitch Ratings (Thailand) Limited has affirmed KCE Electronics Public Company Limited's National Long-Term Rating at 'A-(tha)'. The Outlook is Stable. The rating affirmation reflects Fitch's expectation that KCE should be able to maintain its leading

Fitch Rates TMB#s Basel III Tier 2 THB Notes at #A+(tha)# Stcoks—10 May 19

Fitch Ratings (Thailand) has today assigned a rating of 'A+(tha)' to TMB Bank Public Company Limited's (TMB; AA-(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures. The debenture issue will be up to

Fitch Affirms Thailand#s PTT at #BBB+#; Outlook Stable Stcoks—07 May 19

Fitch Ratings-Bangkok/Singapore-03 May 2019: Fitch Ratings has affirmed Thailand-based PTT Public Company Limited's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB+' and National Long-Term Rating at 'AAA(tha)'. The Outlook is

Fitch Assigns KT ZMICO First-Time #A+(tha)# Outlook Stable Stcoks—30 Apr 19

Fitch Ratings has today assigned Thailand-based KT ZMICO Securities Company Limited (KTZ) a National Long-Term Rating of 'A+(tha)' and a National Short-Term Rating of 'F1+(tha)'. The Outlook is Stable. The agency has also rated KT ZMICO's outstanding

Fitch Rates Bank of Ayudhya#s Basel III Tier 2 THB Notes at #AA+(tha)# Stcoks—26 Apr 19

Fitch Ratings (Thailand) has assigned Bank of Ayudhya Public Company Limited's (BAY; AAA(tha)/Stable) upcoming issue of Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured notes a National Long-Term Rating of 'AA+(tha)'. The

Fitch Assigns First-Time #AA(tha)(EXP)# to Risland (Thailand)#s Guaranteed Stcoks—23 Apr 19

Fitch Ratings (Thailand) Limited has assigned residential property developer Risland (Thailand) Company Limited's (RLT) proposed guaranteed debentures of up to THB3.5 billion an expected National Long-Term Rating of 'AA(tha)(EXP)'. RLT will use the

Fitch Upgrades BAY#s Short-Term IDR to #F1#; Affirms Long-Term IDR at Stcoks—17 Apr 19

Fitch Ratings has upgraded Bank of Ayudhya Public Company Limited's (BAY) Short-Term Issuer Default Rating (IDR) to 'F1' from 'F2', and affirmed its Long-Term IDR at 'A-' with a Stable Outlook. A full list of rating actions is at the end of this rating

Fitch Affirms Siam Commercial Bank at #BBB+# and SCB Securities at #AA(tha)#; Outlook Stcoks—17 Apr 19

Fitch Ratings has today has affirmed the Long-Term Issuer Default Rating (IDR) on The Siam Commercial Bank Public Company Limited (SCB) at 'BBB+' and its National Long-Term Rating at 'AA+(tha)'. At the same time, Fitch has also affirmed the National

Fitch Affirms KASIKORNBANK at #BBB+#, Kasikorn Securities at #AA(tha)# Stcoks—17 Apr 19

Fitch Ratings has affirmed KASIKORNBANK Public Company Limited's (KBank) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+' and its National Long-Term Rating at 'AA+(tha)'. The Outlooks are Stable. At the same time, Fitch has affirmed the