Friday September 21, 2018 09:42

Stcoks Press Release : 15 Aug 2017

GL Q2 Profits Hit New High Stcoks—15 Aug 17

SET-listed digital finance firm Group Lease Public Company Limited (GL) has reported a 337.69 million baht net profit in the second quarter this year, up 31.70% from the same period last year, representing the 11th consecutive quarter of new record-high

Fitch Rates Siam Cement#s New Debentures #A(tha)# Stcoks—15 Aug 17

Bangkok--15 Aug--Fitch Ratings

Fitch Ratings (Thailand) Limited has assigned a National Long-Term Rating of 'A(tha)' to The Siam Cement Public Company Limited's (SCC, A(tha); Positive) new THB35 billion unsecured and unsubordinated debentures. The debentures will be issued in two tranches - No.2/2560 with amount of THB10 billion due 2024 and No.3/2560 with amount of THB25 billion due 2021.

The proceeds will be used to refinance maturing debentures and fund future capex and investments. The notes are rated at the same level as SCC's National Long-Term Rating as they constitute direct, unsecured, unconditional and unsubordinated obligations of the company.

KEY RATING DRIVERS

Leverage Profile Remains Intact: Fitch expects SCC to maintain its FFO adjusted net leverage at below 2.8x, despite the higher-than-expected investment in the Long Son Petrochemicals (LSP) project. The company's operating cash flow generation in 1H17 was in line with our expectation. Its current low FFO adjusted net leverage of 2.0x at end-June 2017 will provide a comfortable cushion for its capex and investment plan of THB250 billion-THB260 billion over the next five years, including the LSP project.

According to SCC, it will maintain its five-year capex and investment plan. In our view, the company is likely to adjust, postpone, or cance

Fitch Affirms Mercedes-Benz (Thailand)#s MTN Programme at #AAA(tha)# Stcoks—15 Aug 17

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating on Mercedes-Benz (Thailand) Limited's (MBTh) medium-term debenture programme of up to THB15 billion at 'AAA(tha)'. The Outlook is Stable. At the same time the agency has affirmed

TFEX to launch Gold-D contract on September 4 and extend trading hours till Stcoks—15 Aug 17

Thailand Futures Exchange PCL (TFEX) plans to launch the new product "Gold-D" on September 4, 2017, together with the extension of trading hours of all gold products till midnight. TFEX Managing Director Rinjai Chakornpipat said TFEX will roll out Gold-D

SinoPac Holdings And Subsidiaries Ratings Affirmed Following RAC Criteria UCO Outlook Stcoks—15 Aug 17

TAIPEI (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings said today it had affirmed its 'BBB-/A-3' long-term and short-term issuer credit ratings on SinoPac Holdings, as well as its 'BBB/A-2' long-term and short-term issuer credit ratings on

Ratings Assigned To Reset European Cash Flow CLO Transaction Ares European CLO Stcoks—15 Aug 17

LONDON (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings today assigned its credit ratings to Ares European CLO VII B.V.'s class A-1-R, A-2A-R, A-2B-R, B-R, C-R, D-R, and E-R notes. At closing, the issuer also issued unrated subordinated

[SPSF] Repackaged CLO Series KK-4 Ltd.#s Notes Assigned Preliminary #AAA# Stcoks—15 Aug 17

TOKYO (S&P Global Ratings) Aug. 15, 2017--S&P Global SF Japan Inc. (SPSF) today said it has assigned its preliminary 'AAA' rating to the ¥29.309 billion floating-rate class A notes due 2029 to be issued by Repackaged CLO Series KK-4 Ltd. (the

[SPSF] Repackaged CLO Series KK-3 Ltd.#s Notes Assigned Preliminary #AAA# Stcoks—15 Aug 17

TOKYO (S&P Global Ratings) Aug. 15, 2017--S&P Global SF Japan Inc. (SPSF) today said it has assigned its preliminary 'AAA' rating to the ¥29.309 billion floating-rate class A notes due 2029 to be issued by Repackaged CLO Series KK-3 Ltd. (the

National RMBS Trust 2010-1 Class A Notes Rating Affirmed Stcoks—15 Aug 17

MELBOURNE (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings today affirmed its 'AAA (sf)' rating on the class A residential mortgage-backed securities (RMBS) issued by Perpetual Trustees Victoria Ltd. as trustee for National RMBS Trust

China Travel Service Hong Kong #BBB+# Rating Affirmed On Stronger Position In Duty-Free Outlook Stcoks—15 Aug 17

HONG KONG (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings today affirmed its 'BBB+' long-term corporate credit rating on China Travel Service (Holdings) Hong Kong Ltd. (CTS HK). The outlook is stable. We also affirmed our 'BBB+' long-term

SEC Greenlights TOAs IPO to Finance Local, Overseas Expansion in Bid to Win Asean Paint Market Stcoks—15 Aug 17

TOA, a leading supplier of decorative paint and coating products in Thailand and the Asean region, has won approval of its IPO application and filing. It is expected to make an IPO – to raise funds to finance local and overseas expansion and

IMPACT Growth REIT showed 25% Net Profit growth with 0.19 baht dividend payment. Expected 1Hs Stcoks—15 Aug 17

IMPACT Growth REIT has announced the 1Q'2017/2018 performance with the total revenue of 564.15 million baht with net profit of 316.59 million baht or 25% growth from the same period of last year. Dividend will be paid at the rate of 0.19 baht per unit.

Indorama Ventures Acquires DuraFiber Technologies Stcoks—15 Aug 17

Complementary addition to IVL's Automotive Segment, further strengthening its leading position in US$ 10 billion+ automotive fiber market. A complete portfolio of tire cord fabric products makes IVL the leading fiber partner for the automotive

TOG Recovers in Q2, New Products Upgrade for International Customers Stcoks—15 Aug 17

TOG recovers in quarter 2, new products upgrade to respond to customers worldwide. The Company expects increasing orders for optical lenses from the Europe and Asia Pacific Regions. The Company continues to expand its customer base, and strengthening the

KTC launches the Wow Week activity in providing up to 40% discount as part of Enjoy Japanese Food Stcoks—15 Aug 17

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, launches the "Wow Week" activity in providing up to 40% discount every week during August and September 2017 with 8 Japanese restaurants (1

Asian Paper and Tissue World successfully organized their first seminar in Bangkok, Thailand on 8 Stcoks—15 Aug 17

In conjunction with the merger of Asian Paper and Tissue World Bangkok trade shows, and with the support of The Thai Pulp and Paper Industries Association (TPPIA), Asian Paper and Tissue World successfully organized their first seminar for the Thailand

RESIMAC Bastille Trust in respect of RESIMAC Series 2013-1NC Ratings Raised On Five Note Two Stcoks—15 Aug 17

MELBOURNE (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings today raised its ratings on the class B, class C, class D, class E, and class F notes for the residential mortgage-backed securities (RMBS) issued by Perpetual Trustee Co. Ltd. as

School Town of Munster, IN Outlook Revised To Positive On Improved #BB# Underlying Rating Stcoks—15 Aug 17

CHICAGO (S&P Global Ratings) Aug. 14, 2017--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BB' underlying rating on Munster School Building Corp., Ind.'s first-mortgage bonds, issued for School Town of Munster

Bendigo and Adelaide Bank Ltd. STRONG Prime Residential Loan Servicer Ranking Outlook Stcoks—15 Aug 17

MELBOURNE (S&P Global Ratings) Aug. 15, 2017--S&P Global Ratings today affirmed the STRONG prime residential-loan servicer ranking on Bendigo and Adelaide Bank Ltd. (BEN). The outlook on the ranking remains stable. A servicer ranking is a

FirstEnergy Solutions Corp. Downgraded To #CCC-# On Creditor Discussions Stcoks—15 Aug 17

NEW YORK (S&P Global Ratings) Aug. 14, 2017--S&P Global Ratings said today it lowered its issuer credit rating on FirstEnergy Solutions Corp. to 'CCC-' from 'CCC'. The outlook is negative. We also lowered the rating on the company's secured debt

KeyCorp Student Loan Trust 2000-B Rating Raised Stcoks—15 Aug 17

NEW YORK (S&P Global Ratings) Aug. 14, 2017--S&P Global Ratings today raisedits rating on the class A-2 notes from KeyCorp Student Loan Trust 2000-B to'AAA (sf)' from 'A (sf)'. At the same time, we removed the rating fromCreditWatch, where we

J.P. Morgan Mortgage Trust 2017-3 $1.017 Billion Certificates Assigned Preliminary Stcoks—15 Aug 17

NEW YORK (S&P Global Ratings) Aug. 14, 2017--S&P Global Ratings today assignedits preliminary ratings to J.P. Morgan Mortgage Trust 2017-3's $1.017 billionmortgage pass-through certificates (see list). The issuance is a residential

IMF Staff Completes 2017 Article IV Mission to Mauritius Stcoks—15 Aug 17

Real GDP growth in 2017 is projected at 3.9 percent on the back of dynamism in the construction sector. The authorities seek to graduate Mauritius to a high-income economy within the next ten years on the basis of an ambitious public investment program