Tuesday January 28, 2020 03:42

FITCH RATINGS Press Releases

Fitch Rates Eastern Polymer#s New Debentures #A-(tha)# Stcoks—20 Jan 20

Fitch Ratings (Thailand) Limited has assigned Eastern Polymer Group Public Company Limited's (EPG, A-(tha)/Stable) proposed senior unsecured debentures of up to THB800 million due 2023 a National Long-Term Rating of 'A-(tha)'. The proceeds of the

Fitch Assigns #BBB+# Rating to PTT Exploration#s Proposed Notes Stcoks—09 Jan 20

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

Fitch Rates KTB Securities# THB Short-Term Subordinated Debenture #B(tha)# Stcoks—03 Jan 20

Fitch Ratings (Thailand) has assigned a National Short-Term Rating of 'B(tha)' to KTB Securities (Thailand) Public Company Limited's (KTBST, BB(tha)/Stable/B(tha)) upcoming issue of up to THB400 million in subordinated unsecured debentures. The

Fitch Revises TMB#s Support Rating Floor to #BBB-#, Upgrades Support Off Stcoks—24 Dec 19

Fitch Ratings has revised TMB Bank Public Company Limited's (TMB) Support Rating Floor (SRF) to 'BBB-' from 'BB+', upgraded its Support Rating to '2' from '3' and removed them from Rating Watch Positive (RWP). The rating actions follow the completion of

Fitch Affirms Bangkok Bank at #BBB+# and #AA+(tha)# on Proposed A Outlook Stcoks—23 Dec 19

Fitch Ratings has affirmed Bangkok Bank Public Company Limited's (BBL) Long-Term Issuer Default Rating (IDR) at 'BBB+' and National Long-Term Rating at 'AA+(tha)' with a Stable Outlook following the bank's announcement of its plan to acquire an 89% stake

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)# Stcoks—06 Dec 19

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

Fitch Affirms Bangkok Aviation Fuel Services# #A(tha)# Rating, Rates Stcoks—06 Dec 19

Fitch Ratings has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch Ratings (Thailand) Limited has also assigned BAFS's proposed senior unsecured debentures of as

Fitch Ratings: Spectrum Payments, Slow Growth Weigh on Thai Telcos Stcoks—03 Dec 19

Leverage metrics for Thai telecom operators will weaken in 2020, Fitch Ratings says in a new report. Sector free cash flow is likely to turn negative as slow growth in cash flow from operations is unlikely to cover a surge in capex and spectrum payments.

Fitch Places Bangkok Commercial Asset Management on RWN After IPO Approval Stcoks—29 Nov 19

Fitch Ratings has placed Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long-Term Rating of 'AA-(tha)', National Short-Term Rating of 'F1+(tha)' and National Long-Term Rating on its senior unsecured debt of 'AA-(tha)' on

Fitch Affirms Minor International#s USD Guaranteed Securities# #BBB+# Stcoks—29 Nov 19

Fitch Ratings has affirmed the 'BBB+' rating on Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities. KEY RATING DRIVERS Driven by Guarantor's Rating: The notes are rated at the same level as

Fitch Affirms Esso (Thailand)#s Bills of Exchange at #F1(tha)# Stcoks—26 Nov 19

Fitch Ratings (Thailand) has affirmed the National Short-Term Rating on ESSO (Thailand) Public Company Limited's bills of exchange revolving programme of up to THB12 billion at 'F1(tha)'. The maturity of each series of bills is no more than 270 days

Fitch Affirms SMBC Bangkok Branch#s THB Senior Notes at #AAA(tha)# Stcoks—25 Nov 19

Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes. KEY RATING DRIVERS The National Long-Term

Fitch Assigns Thai Reinsurance IFS Rating of #A-#; Outlook Stable Stcoks—21 Nov 19

Fitch Ratings has assigned Thai Reinsurance Public Company Limited (THRE) an Insurer Financial Strength (IFS) Rating of 'A-' (Strong). The Outlook is Stable. KEY RATING DRIVERS The IFS Rating on THRE reflects the company's 'Favourable' business profile,

Fitch Rates PTT Exploration#s Global MTN Programme at #BBB+# Stcoks—18 Nov 19

Fitch Ratings has assigned a 'BBB+' rating to PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Positive) USD3 billion global medium-term note programme (GMTN) and a 'BBB+(EXP)' rating to the proposed senior notes to be issued under

Fitch Rates Thai ORIX Leasing#s Guaranteed Bonds Final #AAA(tha)# Stcoks—15 Nov 19

Fitch Ratings (Thailand) has assigned a final National Long-Term Rating of 'AAA(tha)' to Thai ORIX Leasing Company Limited's (TOLC) THB1.0 billion guaranteed bonds due 2022. The Outlook is Stable. The rating action follows the receipt of final

Fitch Rates Thai ORIX Leasing#s Guaranteed Bonds Final #AAA(tha)# Stcoks—15 Nov 19

Fitch Ratings (Thailand) has assigned a final National Long-Term Rating of 'AAA(tha)' to Thai ORIX Leasing Company Limited's (TOLC) THB1.0 billion guaranteed bonds due 2022. The Outlook is Stable. The rating action follows the receipt of final

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

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

Fitch Affirms CP ALL#s Rating at #A(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) Limited has affirmed food retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. The agency has upgraded the National Long-Term Rating of its unsecured bonds to 'A(tha)' from

Fitch Affirms Siam Makro#s Rating at #A(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's (Makro) National Long-Term Rating at 'A(tha)' with a Stable Outlook. KEY RATING DRIVERS Leading Food Wholesaler: Makro has been the sole operator in Thailand's modern

Fitch Affirms Islamic Bank of Withdraws International Ratings Stcoks—07 Nov 19

Fitch Ratings has affirmed all ratings of Islamic Bank of Thailand (IBANK), including its Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Positive Outlook, and its National Long-Term Rating at 'AA(tha)' with a Stable Outlook. At the same time,

Fitch Affirms Thailand#s SME BANK at #AAA(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) has affirmed the National Long-Term rating on Small and Medium Enterprise Development Bank of Thailand (SME BANK) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating has also been affirmed at 'F1+(tha)'. KEY RATING

Fitch Affirms Bank for Agriculture and Agricultural Cooperatives at Stcoks—07 Nov 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on the Bank for Agriculture and Agricultural Cooperatives (BAAC) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating is affirmed at 'F1+(tha)'. KEY RATING DRIVERS The

Fitch Affirms Government Housing Bank at #AAA(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings has affirmed the National Long-Term Rating of Government Housing Bank (GH BANK) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating has also been affirmed at 'F1+(tha)'. KEY RATING DRIVERS GH BANK's National Rating reflects

Fitch Affirms Thailand#s EXIM at #BBB+#; Outlook Positive Stcoks—07 Nov 19

Fitch Ratings has affirmed the Export-Import Bank of Thailand's (EXIM) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+' with Positive Outlook and its National Long-Term Rating at 'AAA(tha)' with Stable Outlook. A full list of rating

Fitch Assigns Mercedes-Benz (Thailand)#s MTN Programme #AAA(tha)# Rating Stcoks—06 Nov 19

Fitch Ratings-Bangkok-06 November 2019: Fitch Ratings (Thailand) Limited has assigned Mercedes-Benz (Thailand) Limited's (MBTh) new guaranteed medium-term debenture (MTN) programme of up to THB20 billion a final National Long-Term Rating of 'AAA(tha)'.

Fitch Revises Outlooks on Bank of Ayudhya and EASY BUY to Affirms Stcoks—01 Nov 19

Fitch Ratings has revised the rating Outlooks for Bank of Ayudhya Public Company Limited (BAY) and EASY BUY Public Company Limited (EB) to Negative from Stable. At the same time, Fitch has affirmed BAY's Long-Term Issuer Default Rating (IDR) of 'A-' and

Fitch Downgrades Bangkok Aviation Fuel Services to #A(tha)#; Outlook Stcoks—31 Oct 19

Fitch Ratings (Thailand) has downgraded Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating to 'A(tha)' from 'A+(tha)'. The Outlook is Stable. The agency has affirmed BAFS's National Short-Term Rating at

Fitch Rates Thai ORIX Leasing#s Guaranteed Bonds #AAA(tha)(EXP)# Stcoks—04 Oct 19

Fitch Ratings (Thailand) has assigned an expected National Long-Term Rating of 'AAA(tha)(EXP)' to guaranteed bonds of up to THB1.0 billion to be issued by Thai ORIX Leasing Company Limited (TOLC). The Outlook is Stable. The final rating for the upcoming

Fitch Ratings: Thailand#s Economy, Banks Resilient to Rising Global Stcoks—02 Oct 19

Fitch Ratings-Bangkok-02 October 2019: Thailand's economic fundamentals will remain sound despite challenges from global trade tensions, while the Thai banking sector is less exposed to external risks, such as a slowdown in China, relative to other

Fitch Rates KASIKORNBANK#s Basel III Tier 2 USD Notes Final #BBB# Stcoks—01 Oct 19

Fitch Ratings has assigned KASIKORNBANK Public Company Limited's (KBank; BBB+/Stable/bbb+) USD800 million Basel III-compliant Tier 2 subordinated notes due October 2031 a final rating of 'BBB'. The notes are issued by KBank's Hong Kong branch under its