The announcement by Thailand's third-largest mobile operator, Total Access Communication Public Company Limited (DTAC; BBB/AA(tha)/Stable), that it has agreed to a settlement with state-owned CAT Telecom Public Company Limited (CAT) potentially reduces certain uncertainties about their disputes over a concession agreement that ended in September 2018. However, the settlement cost of THB9.5 billion reduces DTAC's rating headroom, Fitch Ratings says. DTAC will be able to easily manage the THB9.5
Fitch Ratings (Thailand) has affirmed Land and Houses Securities Public Company Limited's (LHS) National Long-Term Rating at 'AA(tha)' and National Short-Term Rating at 'F1+(tha)'. The Outlook is Stable. Key Rating...
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'AAA(tha)' National Long-Term Rating, 'F1+(tha)' National Short-Term Rating and 'AAA(tha)' senior unsecured rating of Thailand-based...
Fitch Ratings (Thailand) has affirmed ICBC (Thai) Leasing Company Limited's (ICBCTL) National Long-Term Rating at 'AAA(tha)' and National Short-Term Rating at 'F1+(tha)'. The Outlook is Stable. KEY RATING DRIVERSShareholder Support...
Fitch Ratings (Thailand) has affirmed Phahonyothin Asset Management Co., Ltd.'s (PAMCO) THB30 billion medium-term note (MTN) programme at a National Long-Term Rating of 'AA+(tha)' and National Short-Term Rating of 'F1+(tha)'....
Fitch Ratings (Thailand) has affirmed IRPC Public Company Limited's (IRPC) National Long-Term Rating, senior unsecured rating, and the ratings on its senior unsecured debentures at 'BBB+(tha)'. The Outlook is Stable. Fitch has affirmed the National...
Fitch Ratings (Thailand) Limited has downgraded FNS Holdings Public Company Limited's National Long-Term Rating to 'B-(tha)', from 'B(tha)'. All of FNS's ratings have been placed on Rating Watch Negative (RWN). The downgrade and RWN...
Fitch Ratings has upgraded Thailand-based telecommunications company Advanced Info Service Public Company Limited's (AIS) and subsidiary Advanced Wireless Network Company Limited's (AWN) National Long-Term...
Fitch Ratings has assigned Export-Import Bank of Thailand's (EXIM, BBB+/Stable) USD100 million three-year senior unsecured notes a final rating of 'BBB+'. The notes were issued under the bank's USD3 billion medium-term note (MTN)...
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...
Weak profitability in Thailand's securities sector is likely to lead to greater impetus for consolidation, particularly for smaller independent companies that have weaker franchises, Fitch Ratings says in a new report....
Fitch Ratings (Thailand) has assigned Thai ORIX Leasing Co., Ltd.'s (TOLC) Thai baht guaranteed bonds a final National Long-Term Rating of 'AAA(tha)'. The outlook is Stable. The final rating is in line with the expected rating...
Thailand's economic recovery could be constrained by a global slowdown, while the new coalition government's economic stimulus policies could lead to higher government debt, Fitch Ratings analysts said at the company's annual conference on Thailand held today....
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...
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...
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...
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...
Fitch Ratings (Thailand) has assigned KASIKORNBANK Public Company Limited's (KBank, BBB/AA+(tha)/Stable/bbb) upcoming Japanese yen-denominated senior unsecured long-term debentures a National Long-Term Rating of 'AA+(tha)'. The debentures...
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...
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...