Wednesday September 23, 2020 13:18

FITCH RATINGS Press Releases

Fitch Affirms Bank of China (Thai)'s Long-Term National Rating at 'AAA(tha)'; Stable Stcoks—17 Aug 20

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of Bank of China (Thai) Public Company Limited (BOCT) at 'AAA(tha)' with a Stable Outlook, and the National Short-Term Rating at 'F1+(tha)'. KEY RATING DRIVERS BOCT's National Ratings

Fitch Affirms ICBCT and ICBCTL at 'AAA(tha)'; Downgrades ICBCT's Bonds Stcoks—17 Aug 20

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT) and ICBC (Thai) Leasing Company Limited (ICBCTL) at 'AAA(tha)' with a Stable Outlook. At the same time,

Fitch Revises Outlook on Bank of Ayudhya to Negative; Affirms Ratings Stcoks—13 Aug 20

Fitch Ratings has revised the Outlook on Bank of Ayudhya Public Company Limited's (BAY) Long-Term Issuer Default Rating (IDR) and National Long-Term Rating to Negative from Stable. At the same time, Fitch has affirmed BAY's Long-Term IDR of 'BBB+' and

Fitch Revises Outlook on SMTB Thai to Negative; Affirms Ratings Stcoks—13 Aug 20

Fitch Ratings has revised the rating Outlook on Sumitomo Mitsui Trust Bank (Thai) Public Company Limited (SMTBT) to Negative from Stable. At the same time, Fitch has affirmed the bank's National Long-Term Rating of 'AAA(tha)', and its National Short-Term

Fitch Revises Outlook on EASY BUY to Negative; Affirms Ratings Stcoks—13 Aug 20

Fitch Ratings has revised the Outlook on EASY BUY Public Company Limited (EB) to Negative from Stable. At the same time, Fitch has affirmed EB's National Long-Term Rating of 'AA(tha)' and National Short-Term Rating of 'F1+(tha)'. The revised Outlook

Fitch Affirms Central American Bank for Economic Integration's THB Bonds at Stcoks—04 Aug 20

Fitch Ratings - Bangkok - 29 Jul 2020: Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Rating on the Central American Bank for Economic Integration's (CABEI) THB1.235 billion senior unsecured bonds due 2021. KEY RATING

Fitch Affirms Eastern Polymer Group at 'A-(tha)'; Stable Outlook Stcoks—24 Jul 20

Fitch Ratings (Thailand) has affirmed Eastern Polymer Group Public Company Limited's (EPG) National Long-Term Rating and the senior unsecured debt rating at 'A-(tha)'. The Outlook is Stable. The affirmation reflects our belief that EPG's operating cash

Fitch Affirms Thailand-Based SCB Asset Management at "Excellent(tha)" Stcoks—21 Jul 20

Fitch Ratings (Thailand) has affirmed SCB Asset Management Co., Ltd's (SCBAM) National Investment Management Quality Rating (IMQR) at 'Excellent(tha)'. The Outlook is Stable. KEY RATING DRIVERS SCBAM's rating is based on the following category

Fitch Revises Outlook on Bangkok Commercial Asset Management to Negative; Withdraws Stcoks—16 Jul 20

Fitch Ratings (Thailand) has revised the Outlook on Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long- Term Rating to Negative from Stable. At the same time, Fitch has affirmed and withdrawn BAM's National Long-Term Rating

Fitch Rates ICBCTL's Senior Notes 'AAA(tha)' Stcoks—16 Jul 20

Fitch Ratings (Thailand) has assigned ICBC (Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The notes will be issued under ICBCTL's THB50 billion

Fitch Affirms Risland (Thailand)'s Guaranteed Debentures at 'AA(tha)' Stcoks—09 Jul 20

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating of residential-property developer Risland (Thailand) Company Limited's (RLT) THB1.5 billion guaranteed debentures due 2022 at 'AA(tha)'. The Outlook is Stable. KEY RATING

Fitch Rates IRPC's New Debenture Programme 'A-(tha)' Stcoks—09 Jul 20

Fitch Ratings (Thailand) has assigned IRPC Public Company Limited's (A-(tha)/Stable) upcoming THB28 billion medium-term debenture programme a National Long-Term Rating of 'A-(tha)'. Debentures under the programme will be senior unsecured with a maturity

Coronavirus to Weaken Thai Life Insurers' Capital Stcoks—29 Jun 20

Fitch Ratings believes Thai life insurance companies could report a thinner capital position over the next 12-18 months due to the uncertainty over the coronavirus pandemic and subsequent economic disturbances. The domestic life insurers could

Fitch Assigns 'BBB(EXP)' to Minor International's Proposed USD Guaranteed Stcoks—18 Jun 20

Fitch Ratings has assigned Minor International Public Company Limited's (MINT) proposed USD dollar guaranteed senior perpetual capital securities an expected rating of 'BBB(EXP)'. The rating reflects the credit enhancement provided to investors by the

Fitch Revises Outlook on JWD InfoLogistics to Negative; Affirms at Stcoks—12 Jun 20

Fitch Ratings (Thailand) Limited has revised the Outlook on JWD InfoLogistics Public Company Limited's National Long-Term Rating to Negative, from Stable. At the same time, Fitch has affirmed JWD's National Long-Term Rating at 'BBB(tha)' and its National

Fitch Rates KASIKORNBANK's Short-Term Debentures at 'F1+(tha)' Stcoks—11 Jun 20

Fitch Ratings (Thailand) has assigned KASIKORNBANK Public Company Limited's (KBank; BBB/AA+(tha)/Stable/bbb) upcoming euro-denominated senior unsecured short-term debentures a National Short-Term Rating of 'F1+(tha)'. The notes will have tenor of up to

Fitch Assigns 'BBB+' Rating to PTT Exploration's Proposed Notes Stcoks—04 Jun 20

Fitch Ratings has assigned a 'BBB+' rating to PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Stable) proposed US dollar notes. The notes will be issued under its global medium-term note programme (GMTN) by its fully owned financing

Fitch Affirms Five Thai NBFI Foreign Subsidiaries' National Ratings; Places Capital Nomura on Stcoks—28 May 20

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on five Thai non-bank subsidiaries of foreign financial institutions as follows: CGS-CIMB Securities (Thailand) Co., Ltd. (CGS-CIMB TH) at 'A(tha)'; Stable Outlook.Capital Nomura

Fitch Revises Outlook on AEON Thana Sinsap to Negative; Affirms at Stcoks—27 May 20

Fitch Ratings has revised the Outlook on AEON Thana Sinsap (Thailand) Public Company Limited's (AEONTS) National Long-Term Rating to Negative, from Stable, and has affirmed the rating at 'A-(tha)'. KEY RATING DRIVERS The Negative Outlook reflects

Fitch Downgrades Esso (Thailand)'s Bills of Exchange to 'F2(tha)' from Stcoks—22 May 20

Fitch Ratings (Thailand) has downgraded the National Short-Term Rating on Esso (Thailand) Public Company Limited's (Esso) bills of exchange revolving programme of up to THB12 billion to 'F2(tha)' from 'F1(tha)'. The maturity of each series of bills is no

Coronavirus Restrictions Hit Thai Telcos' Revenue Growth Stcoks—20 May 20

Service revenues for Thai telecom operators are likely to decline modestly in 2020 due to a slowing economy amid the coronavirus pandemic, says Fitch Ratings. We expect the sector's free cash flow to turn negative in 2020, as higher capex and spectrum

Fitch Downgrades Siam Future to 'BBB-(tha)'; Outlook Negative Stcoks—19 May 20

Fitch Ratings (Thailand) has downgraded Siam Future Development Public Company Limited's (SF) National Long-Term Rating and senior unsecured debt rating to 'BBB-(tha)' from 'BBB(tha)'. The Outlook is Negative. Simultaneously, the agency has affirmed its

Fitch Affirms UOB Thai's Long-Term IDR at 'A-' and National Rating at 'AAA(tha)'; Outlook Stcoks—14 May 20

Fitch Ratings has affirmed United Overseas Bank (Thai) Public Company Limited's (UOBT) Long-Term Issuer Default Rating (IDR) at 'A-'. UOBT's National Long-Term Rating has been affirmed at 'AAA(tha)'. The Outlooks are Stable. The agency has also affirmed

Fitch Revises TMB's Outlook to Stable, Affirms Rating at 'BBB-' Stcoks—14 May 20

Fitch Ratings has revised the Outlook on TMB Bank Public Company Limited's (TMB) Long-Term Issuer Default Rating (IDR) and National Long-Term Rating to Stable from Positive and affirmed the ratings at 'BBB-' and at 'AA-(tha)', respectively. At the same

Fitch Affirms SMBC Bangkok Branch's THB Senior Notes at 'AAA(tha)' Stcoks—14 May 20

Fitch Ratings (Thailand) has affirmed the national long-term ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes at 'AAA(tha)'. KEY RATING DRIVERS The affirmation reflects

Fitch Affirms Thailand-Based PTTEP at "BBB+"; Outlook Stable Stcoks—14 May 20

Fitch Ratings has affirmed Thailand's PTT Exploration and Production Public Company Limited's (PTTEP) Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. PTTEP's ratings are equalised with those of its parent, PTT Public Company Limited (PTT;

Fitch Rates CIMB Thai Bank's MTN Programme at 'AA-(tha)'/'F1+(tha)' Stcoks—13 May 20

Fitch Ratings (Thailand) Limited has assigned CIMB Thai Bank Public Company Limited's (CIMBT; AA-(tha)/Negative/F1+(tha)) senior unsecured medium-term note (MTN) programme a National Long-Term Rating of 'AA-(tha)' and a National Short-Term Rating of

Fitch Revises KCE's Outlook to Negative; Affirms at 'A-(tha)' Stcoks—11 May 20

Fitch Ratings (Thailand) Limited has revised KCE Electronics Public Company Limited's (KCE) Outlook to Negative from Stable and affirmed its National Long-Term Rating at 'A-(tha)'. The Negative Outlook reflects evolving risks from the COVID-19 pandemic

Fitch Revises Outlook on Muang Thai Life Assurance to Negative; Affirms IFS Rating at Stcoks—11 May 20

Bangkok--11 May--Fitch Ratings Fitch Ratings - Bangkok/Singapore - 08 May 2020: Fitch Ratings has revised the Outlook on Muang Thai Life Assurance Public Company Limited's (MTL) Insurer Financial Strength (IFS) Rating to Negative from Stable and

Thai NBFIs Face Greater Pressure from Coronavirus Shock Stcoks—07 May 20

Fitch Ratings has changed its outlook on the operating environment rating factor to negative for Thai non-bank financial institutions (NBFIs), due to the economic and business disruptions caused by the coronavirus pandemic. Fitch forecasts Thai GDP to