Saturday July 4, 2020 21:25

FITCH AFFIRMS Press Releases

Fitch Affirms Five Thai NBFI Foreign Subsidiaries' National Ratings; Places Capital Nomura on Stcoks—28 May 20

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on five Thai non-bank subsidiaries of foreign financial institutions as follows: CGS-CIMB Securities (Thailand) Co., Ltd. (CGS-CIMB TH) at 'A(tha)'; Stable Outlook.Capital Nomura

Fitch Affirms UOB Thai's Long-Term IDR at 'A-' and National Rating at 'AAA(tha)'; Outlook Stcoks—14 May 20

Fitch Ratings has affirmed United Overseas Bank (Thai) Public Company Limited's (UOBT) Long-Term Issuer Default Rating (IDR) at 'A-'. UOBT's National Long-Term Rating has been affirmed at 'AAA(tha)'. The Outlooks are Stable. The agency has also affirmed

Fitch Affirms SMBC Bangkok Branch's THB Senior Notes at 'AAA(tha)' Stcoks—14 May 20

Fitch Ratings (Thailand) has affirmed the national long-term ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes at 'AAA(tha)'. KEY RATING DRIVERS The affirmation reflects

Fitch Affirms Thailand-Based PTTEP at "BBB+"; Outlook Stable Stcoks—14 May 20

Fitch Ratings has affirmed Thailand's PTT Exploration and Production Public Company Limited's (PTTEP) Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. PTTEP's ratings are equalised with those of its parent, PTT Public Company Limited (PTT;

Fitch Affirms Polyplex Thailand at 'A-(tha)'; Stable Outlook Stcoks—30 Apr 20

Fitch Ratings (Thailand) has affirmed Polyplex (Thailand) Public Company Limited's (PTL) National Long-Term Rating at 'A-(tha)'. The Outlook is Stable. The rating reflects PTL's leading position in the domestic polyester film business and the defensive

Fitch Affirms Citicorp Leasing (Thailand) at AAA(tha); Outlook Stable Stcoks—30 Apr 20

Fitch has affirmed Citicorp Leasing (Thailand) Limited's (CLT) National Long-Term Rating at 'AAA(tha)' with a Stable Outlook, and its National Short-Term Rating at 'F1+(tha)'. KEY RATING DRIVERS CTL's ratings are driven by institutional support from

Fitch Affirms Thailand-Based PTT at 'BBB+'/'AAA(tha)'; Outlook Stable Stcoks—30 Apr 20

Fitch Ratings has affirmed Thailand-based PTT Public Company Limited's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB+' and its National Long-Term Rating at 'AAA(tha)'. The Outlook is Stable. The affirmation reflects PTT's

Fitch Affirms Thai Reinsurance's IFS Rating at 'A-'; Outlook Stable Stcoks—29 Apr 20

Fitch Ratings has affirmed Thai Reinsurance Public Company Limited's (THRE) Insurer Financial Strength (IFS) Rating at 'A-' (Strong). The Outlook is Stable. KEY RATING DRIVERS The rating actions noted above are based on Fitch's current assessment of

Fitch Affirms CIMB Thai Bank at 'AA-(tha)'; Revises Outlook to Negative Stcoks—20 Apr 20

Fitch Ratings has today affirmed the National Long-Term Rating on CIMB Thai Bank Public Company Limited (CIMBT) at 'AA-(tha)'. The Outlook has been revised to Negative from Stable. CIMBT's National Short-Term Ratings and rating on its short-term senior

Fitch Affirms Ratings of Krung Thai Bank and its Securities Subsidiary Stcoks—03 Apr 20

Environment", dated 2 April 2020 at https://www.fitchratings.com/research/banks/coronavirus-increases-challenges-for-thai-banks-operating-environment-02-04-2020. The duration and trajectory of the pandemic remains uncertain. As such, Fitch expects that

Fitch Affirms Siam City Cement at 'A(tha)'; Maintains Negative Outlook Stcoks—23 Mar 20

Revenue to fall by 4%-5% in 2020, comprising of -5% for the Thai operation (-20% over three-months and par for the remaining nine months) and 2%-5% for its regional operationsRevenue to fully recover with 7%-8% growth in 2021 and 4%-5% in 2022 following

Fitch Affirms Thai Life's IFS at 'A-'; Outlook Stable Stcoks—20 Mar 20

A persistent drop in capitalisation, measured by a decline in the RBC ratio, to below 280% and deterioration in the Prism FBM score to below 'Strong' for an extended period; orA prolonged weakening in profitability, indicated by a pretax ROA that is

Fitch Affirms Siam Makro at 'A(tha)'; Outlook Stable Stcoks—20 Mar 20

Revenue growth of 4%-5% in 2020 and increasing to 9%-10% a year in 2021-2022EBITDAR margin to remain at about 5.6% in 2020 and gradually improve in 2021-2022Total capex of THB7.5 billion-8 billion a year in 2020-2021 and THB5 billion-6 billion in 2022,

Fitch Affirms DAD SPV#s Bonds at #AAAsf(tha)#; Outlook Stable Stcoks—24 Feb 20

Fitch Ratings (Thailand) Limited has affirmed DAD SPV Company Limited's (DAD SPV) bonds at 'AAAsf(tha)' with a Stable Outlook. The transaction is a CMBS backed by 30-year lease and fee payments from the government office centre in northern Bangkok, which

Fitch Affirms Bangkok Bank at #BBB+# and #AA+(tha)# on Proposed A Outlook Stcoks—23 Dec 19

Fitch Ratings has affirmed Bangkok Bank Public Company Limited's (BBL) Long-Term Issuer Default Rating (IDR) at 'BBB+' and National Long-Term Rating at 'AA+(tha)' with a Stable Outlook following the bank's announcement of its plan to acquire an 89% stake

Fitch Affirms Bangkok Aviation Fuel Services# #A(tha)# Rating, Rates Stcoks—06 Dec 19

Fitch Ratings has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch Ratings (Thailand) Limited has also assigned BAFS's proposed senior unsecured debentures of as

Fitch Affirms Minor International#s USD Guaranteed Securities# #BBB+# Stcoks—29 Nov 19

Fitch Ratings has affirmed the 'BBB+' rating on Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities. KEY RATING DRIVERS Driven by Guarantor's Rating: The notes are rated at the same level as

Fitch Affirms Esso (Thailand)#s Bills of Exchange at #F1(tha)# Stcoks—26 Nov 19

Fitch Ratings (Thailand) has affirmed the National Short-Term Rating on ESSO (Thailand) Public Company Limited's bills of exchange revolving programme of up to THB12 billion at 'F1(tha)'. The maturity of each series of bills is no more than 270 days

Fitch Affirms SMBC Bangkok Branch#s THB Senior Notes at #AAA(tha)# Stcoks—25 Nov 19

Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes. KEY RATING DRIVERS The National Long-Term

Fitch Affirms CP ALL#s Rating at #A(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) Limited has affirmed food retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. The agency has upgraded the National Long-Term Rating of its unsecured bonds to 'A(tha)' from

Fitch Affirms Siam Makro#s Rating at #A(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's (Makro) National Long-Term Rating at 'A(tha)' with a Stable Outlook. KEY RATING DRIVERS Leading Food Wholesaler: Makro has been the sole operator in Thailand's modern

Fitch Affirms Islamic Bank of Withdraws International Ratings Stcoks—07 Nov 19

Fitch Ratings has affirmed all ratings of Islamic Bank of Thailand (IBANK), including its Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Positive Outlook, and its National Long-Term Rating at 'AA(tha)' with a Stable Outlook. At the same time,

Fitch Affirms Thailand#s SME BANK at #AAA(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings (Thailand) has affirmed the National Long-Term rating on Small and Medium Enterprise Development Bank of Thailand (SME BANK) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating has also been affirmed at 'F1+(tha)'. KEY RATING

Fitch Affirms Bank for Agriculture and Agricultural Cooperatives at Stcoks—07 Nov 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on the Bank for Agriculture and Agricultural Cooperatives (BAAC) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating is affirmed at 'F1+(tha)'. KEY RATING DRIVERS The

Fitch Affirms Government Housing Bank at #AAA(tha)#; Outlook Stable Stcoks—07 Nov 19

Fitch Ratings has affirmed the National Long-Term Rating of Government Housing Bank (GH BANK) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating has also been affirmed at 'F1+(tha)'. KEY RATING DRIVERS GH BANK's National Rating reflects

Fitch Affirms Thailand#s EXIM at #BBB+#; Outlook Positive Stcoks—07 Nov 19

Fitch Ratings has affirmed the Export-Import Bank of Thailand's (EXIM) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+' with Positive Outlook and its National Long-Term Rating at 'AAA(tha)' with Stable Outlook. A full list of rating

Fitch Affirms Siam Future at #BBB(tha)#; Outlook Stable Stcoks—27 Sep 19

Fitch Ratings (Thailand) Limited has affirmed Siam Future Development Public Company Limited's (SF) National Long-Term Rating at 'BBB(tha)' with a Stable Outlook, its National Short-Term Rating at 'F3(tha)' and its outstanding senior unsecured debentures

Fitch Affirms GPSC at #A+(tha)# following GLOW a Off RWN Stcoks—05 Sep 19

Fitch Ratings (Thailand) has affirmed Global Power Synergy Public Company Limited's (GPSC) National Long-Term Rating and its senior unsecured rating at 'A+(tha)'. The Outlook on the National Long-Term Rating is Stable. The ratings have been removed from

Fitch Affirms CIMB Thai Bank at #AA-(tha)#; Outlook Stable Entertainment—03 Sep 19

Fitch Ratings has affirmed CIMB Thai Bank Public Company Limited's (CIMBT) National Long-Term Rating and the rating on its THB2 billion 2.44% notes due 2020 at 'AA-(tha)'. The Outlook is Stable. The notes are issued by CIMB Thai Auto Company Limited

Fitch Affirms ICBCT and ICBCTL at #AAA(tha)#; Outlook Stable Stcoks—03 Sep 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT) and ICBC (Thai) Leasing Company Limited (ICBCTL) at 'AAA(tha)' with Stable Outlooks. It also affirmed