Fitch Ratings (Thailand) has revised IRPC Public Company Limited's Outlook to Negative from Stable while affirming the National Long-Term Rating at 'A-(tha)' and National Short-Term Rating at 'F2(tha)'. The agency has also affirmed the 'A-(tha)' rating on IRPC's senior unsecured debentures and THB40 bil
Fitch Ratings has revised the Outlook on SCG Chemicals Public Company Limited's (SCGC) National Long-Term Rating to Negative, from Stable, and has affirmed the rating at 'A (tha)'. The agency has also affirmed the 'A (tha)' senior unsecured rating of SCGC's THB100 billion medium-term note programme.The rati
Fitch Ratings (Thailand) has revised our Outlook on The Siam Cement Public Company Limited (SCC) to Negative from Stable. The agency has also affirmed SCC's National Long-Term Rating and senior unsecured rating at 'A (tha)' and its National Short-Term Rating at 'F1(tha)'.At the same time, Fitch has assigned a
Fitch Ratings (Thailand) has revised the Outlook on Siam Makro Public Company Limited's (Makro) National Long-Term Rating to Stable from Negative and affirmed the rating at 'A-(tha)'. Fitch has also affirmed its National Short-Term Rating at 'F2(tha)'.The rating actions on Makro
Fitch Ratings - Bangkok - 21 Apr 2022: Fitch Ratings (Thailand) has revised the Outlook on the National Long-Term Rating of Thailand-based food retailer CP ALL Public Company Limited (CP ALL) to Stable from Negative, and affirmed the rating at 'A-(tha)'. Simultaneously, Fitch has withdraw
Fitch Ratings (Thailand) Limited has revised the Outlook on HMC Polymers Company Limited, a polypropylene (PP) manufacturer, to Stable from Negative, and affirmed its National Long-Term Rating and senior unsecured rating at 'A-(tha)'.The Outlook revision reflects our view that HMC's
Fitch Ratings (Thailand) has revised the Outlook on residential property developer Risland (Thailand) Company Limited's (RLT) guaranteed debentures to Negative from Stable, and affirmed the National Long-Term Ratings on the outstanding debentures at 'AA(tha)'. The debentures are guaranteed
Fitch Ratings has revised the Outlook on Standard Chartered Bank (Thai) Public Company Limited's (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Stable, from Negative, and has affirmed the ratings at 'A-'. The Short-Term Foreign- and Local-Currency IDRs are affir
Fitch Ratings (Thailand) has revised the Outlook on Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating to Negative, from Stable, and has affirmed the rating at 'BBB (tha)'.The Negative Outlook reflects the risks to BAFS' deleveraging to a level that is c
Fitch Ratings (Thailand) has revised the Outlook on Thailand-based telecommunications company Total Access Communication Public Company Limited's (DTAC) National Long-Term Rating to Negative from Stable, and affirmed the rating at 'AA(tha)'. The agency has also affirmed DTAC's National Short-Term Rating a
Fitch Ratings (Thailand) has revised the Outlook on Siam Makro Public Company Limited's National Long-Term Rating to Negative, from Stable, and has affirmed the rating at 'A-(tha)'. Simultaneously, the agency has affirmed Makro's National Short-Term Rating at 'F2(tha)'.The rating action follows the Out
Bangkok-12 Jun-Fitch Ratings 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 Short-Term Rating at 'F3(tha)'. The Negative Outlook reflects Fitch's expectation that JWD may find it difficult to l
Bangkok-27 Apr-Fitch Ratings Fitch Ratings (Thailand) has revised the Outlook on Finansa Public Company Limited's (FNS) to Negative from Stable, and affirmed National Long-Term Rating at 'BBB-(tha)' and National Short-Term Rating at 'F3(tha)'. The Outlook revision reflects heightened uncertainty in the operating environment arising from the coronavirus pandemic. It also reflects the related pressure on the
Bangkok-19 Jul-Fitch Ratings Fitch Ratings-Hong Kong-18 July 2019: Fitch Ratings has revised its Outlook on Thailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the rating at 'BBB '. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The Outlook revision on Thailand's IDRs reflects increasing confidence that
Bangkok-26 Jul-Fitch Ratings Fitch Ratings (Thailand) Limited has revised the Outlook on JWD InfoLogistics Public Company Limited to Negative from Stable and has affirmed its National Long-Term Rating at 'BBB (tha)' and its National Short-Term Rating at 'F2(tha)'. The Negative Outlook reflects JWD's elevated leverage and weakened cash generation from a planned renovation of two general warehouses, additio
Bangkok-9 Feb-Fitch Ratings Fitch Ratings (Thailand) has revised The Siam Cement Public Company Limited's (SCC) Outlook to Positive from Stable. The agency has also affirmed SCC's National Long-Term Rating and senior unsecured rating at 'A(tha)' and National Short-Term Rating at 'F1(tha)'. At the same time, Fitch has assigned the company's new senior unsecured debentures of up to THB25bn due in 2021 a National
Bangkok-6 Oct-Fitch Ratings Fitch Ratings (Thailand) Limited has affirmed the 'A (tha)' National Long-Term Rating on CP ALL Public Company Limited (CP ALL), and revised the Outlook to Negative from Stable. Fitch has also affirmed the rating on CP ALL's outstanding secured bonds at 'A (tha)' and the rating on its senior unsecured bonds at 'A(tha)'. The National Short-term Rating has also been affirmed at 'F1(tha)'.
Bangkok-27 Jul-Fitch Ratings Fitch Ratings (Thailand) Limited has revised GMM Grammy Public Company Limited's (GMM) Outlook to Stable from Positive. The agency has also affirmed GMMs National Long-Term Rating at 'BBB (tha)' and National Short-Term Rating at 'F2(tha)'. The Outlook revision reflects the agency's expectation that the improvement of GMMs financial leverage will be slower than we previously expected
Bangkok-30 Jul-Fitch Ratings Fitch Ratings (Thailand) Limited has revised Thailand-based GMM Grammy Public Company Limiteds (GMM) Outlook to Positive from Stable and affirmed its National Long-Term Rating at BBB (tha). At the same time, the agency has affirmed its National Short-Term Rating at F2(tha). The rating action follows GMMs announcement that its pay TV business and CTH Public Company
Bangkok-2 Nov-Fitch Ratings Fitch Ratings has revised Thailand-based Total Access Communication Public Company Limited's (DTAC) Outlook to Positive from Stable. At the same time, the agency has also affirmed DTAC's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-', National Long-Term Rating at 'A (tha)', National Short-Term Rating at 'F1(tha)', and the National Long-term rating on its
Bangkok-2 Nov-Fitch Ratings Fitch Ratings has revised the Outlook on Advanced Info Service Public Company Limited's (AIS) National Long-Term rating to Positive from Stable. At the same time, the agency has affirmed AIS's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB ', National Long-Term rating at 'AA(tha)', National Short-Term rating at 'F1 (tha)', and the National Long-term
Bangkok-10 Feb-Fitch Ratings Fitch Ratings (Thailand) Limited has revised Siam Cement Public Company Limiteds (SCC) Outlook to Stable from Positive. The ratings have been affirmed at National Long-term A(tha) and National Short-term F1(tha). The agency has also affirmed SCCs senior unsecured debenture at A(tha). In addition, Fitch has assigned SCCs new senior unsecured debentures No.1/2012 due 2016, amounting up
Bangkok-13 May-Fitch Ratings Fitch Ratings has revised the Outlook on Thailand's Long-Term Local Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the rating at 'A-'. At the same time, the agency has affirmed the country's Long-Term Foreign Currency IDR at 'BBB' with Stable Outlook, its Short-Term Foreign Currency IDR at 'F3' and the Country Ceiling at 'BBB '. The Outlook chang
Bangkok-30 Sep-Fitch Ratings Fitch Ratings (Thailand) Limited has today revised the Outlook on the debentures issued by SICCO Special Purpose Vehicle 2 Company Limited (SICCO 2) to Stable from Negative, and simultaneously affirmed the rating at AAA(tha) with a Loss Severity Rating of 'LS-1'. The transaction is the second securitisation transaction of auto hire purchase receivables originated by Siam Industrial
Bangkok-18 Nov-Fitch Ratings Fitch Ratings has today revised the Rating Watch on BankThai Public Company Limited's (BT) Support rating of '4' to Positive from Evolving, following the recent completion of the sale of the Financial Institutions Development Fund's (FIDF) 42.13% stake in BT to CIMB Bank Berhad (CIMB, rated 'BBB '/Stable Outlook) and pending the completion of a tender offer for the remaining
Bangkok-10 Nov-Fitch Ratings Fitch Ratings has today revised Korea's rating Outlook to Negative from Stable and the Outlook on Malaysia to Stable from Positive. At the same time, Fitch has affirmed the sovereign ratings with Stable Outlooks for China, Taiwan, and Thailand. India's Long-term foreign currency Issuer Default rating (IDR) at 'BBB-' (BBB minus) is also affirmed with a Stable Outlook, and the local currency
Bangkok-10 Jan-Fitch Ratings Fitch Ratings (Thailand) Limited has today revised the rating Outlook on Thailand-based Land and Houses Public Company Limited (LH) to Stable from Negative. At the same time, Fitch has affirmed LHs A-(tha) (A minus(tha)) National Long-term rating and F2(tha) National Short-term rating. The revision of the Outlook to Stable is based on LHs better-than-expected cash flow
Bangkok-5 Jan-Fitch Ratings Fitch Ratings (Thailand) Limited has today revised the rating Outlook on Thailand-based The Erawan Group Plc (Erawan) to Negative from Stable. At the same time, Fitch affirmed Erawan's National Long- and Short-term senior unsecured debt ratings at 'BBB(tha)' and 'F3(tha)', respectively. The change in Outlook is based on Erawan's more aggressive investment policy, which weake