Fitch Rates Thai ORIX Leasing#s Guaranteed Bonds Final #AAA(tha)#

Stocks and Financial Services Press Releases Friday November 15, 2019 11:50
Bangkok--15 Nov--Fitch Ratings
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 documentation conforming to information previously received. The final rating is in line with the expected rating assigned on 4 October 2019.

The National Long-Term Rating on the guaranteed bond is based entirely on irrevocable and unconditional guarantees provided by Japan-based ORIX Corporation (ORIX; A-/Stable). ORIX's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'A-' is higher than Thailand's Long-Term Local-Currency IDR of 'BBB+'/Positive, and correlates to the highest rating on the national scale of 'AAA(tha)'.

For further information, please refer to the rating action commentary, "Fitch Rates Thai ORIX Leasing's Guaranteed Bonds 'AAA(tha)(EXP)", dated 4 October 2019. For more information on ORIX, please refer to the credit report dated 16 August 2019 and to the rating action commentary, "Fitch Affirms ORIX at 'A-'; Outlook Stable", published 11 July 2019, available at


The 'AAA(tha)' rating of TOLC's guaranteed bond is the highest on the national scale, implying there is no rating upside. Fitch could downgrade the National Long-Term Rating of TOLC's guaranteed bond if ORIX's Long-Term Foreign-Currency IDR were to be at or below Thailand's Long-Term Local-Currency IDR, either by a downgrade of ORIX or an upgrade of Thailand's Long-Term Local-Currency IDR.

Latest Press Release

SET launches “PVD Space by SET” platform to equip working people with happy retirement life

The Stock Exchange of Thailand (SET) introduced “PVD Space by SET”, an online learning platform designed to get working people ready for retirement through comprehensive provident fund planning. Equipped with numerous learning materials and...

mai welcomes Silicon Craft Technology on July 30

Silicon Craft Technology pcl, Thailand’s and ASEAN’s only RFID microchip research and development (R&D) company, will be listed on Market for Alternative Investment (mai) on July 30, under the ticker symbol "SICT". The company has a...

SET enhances SETLink system to further facilitate listed companies

The Stock Exchange of Thailand has enhanced information transfer functions in SET Listed Company Notification and Key Operation called “SETLink” system. As part of SET’s continuous plan to upgrade the infrastructure to serve market...

AEON offers exclusive deals at the Money Expo Korat 2020

AEON Thana Sinsap (Thailand) Public Company Limited, a leading financial and credit provider, joins the 14thMoney Expo Korat 2020 offering financial services and promotion schemes exclusively to customers who visit the fair. This activity aims to help...

KBank unveils KBank x BLACKPINK Project Phase 2 – targeting new-generation customers and branching out to large provinces nationwide

Riding on the wave of the world’s immensely popular K-Pop girl group, KASIKORNBANK (KBank) has continued its KBank x BLACKPINK project with the launch of a commercial under the concept of #DoWhateverYouBelieve, targeting new-generation customers...

Related Topics