Fitch Rates AEON Thana Sinsap#s THB Notes at #A-(tha)#

Stocks and Financial Services Press Releases Thursday November 16, 2017 17:38
Bangkok--16 Nov--Fitch Ratings

Fitch Ratings (Thailand) has assigned AEON Thana Sinsap (Thailand) Public Company Limited's (AEONTS; A-(tha)/Stable) upcoming issue of Thai baht-denominated senior notes a National Long-Term Rating of 'A-(tha)'. Issue proceeds will be used for general corporate purposes and refinancing.

The note rating is based on AEONTS' National Long-Term Rating, as the notes represent its unsubordinated and unsecured obligations.
AEONTS' National Long-Term Rating is driven by its standalone credit profile, which reflects its well-established franchise and position as one of Thailand's largest consumer-finance companies.

AEONTS' National Long-Term Rating could be affected, positively or negatively, by substantial and sustained changes to the company's financial profile. For further details, please see Fitch Affirms AEON Thana Sinsap at A-(tha); Outlook Stable, dated 25 August 2017.

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