Wednesday November 14, 2018 01:30

FITCH RATING Press Releases

Fitch Rates Advanced Wireless Network#BBB+#; Stable Outlook Stcoks—01 Nov 18

Fitch Ratings has assigned Thailand-based telecommunications company Advanced Wireless Network Company Limited (AWN) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of'BBB+'. The Outlooks are Stable. KEY RATING DRIVERS Ratings

Fitch Ratings: 900MHz Spectrum Win Positive for DTAC#s Growth Stcoks—30 Oct 18

Thai telco Total Access Communication Public Company Limited's (DTAC; BBB/AA(tha)/Stable) market position is likely to strengthen after it secured 900MHz spectrum at an auction, which plugs the gap in its spectrum portfolio that had constrained its

Fitch Affirms Muang Thai Life at #BBB+#; Outlook Stable Stcoks—29 Oct 18

Fitch Ratings has affirmed Muang Thai Life Assurance Public Company Limited's (MTL) Insurer Financial Strength (IFS) Rating at 'BBB+' (Good) and National IFS Rating at 'AAA(tha)'. The Outlooks are Stable. KEY RATING DRIVERS The affirmation reflects the

Fitch Affirms AIS at #BBB+#/#AA+(tha)#, AWN at #AA+(tha)# Stcoks—17 Oct 18

Fitch Ratings has affirmed Thailand-based telecommunications company Advanced Info Service Public Company Limited's (AIS) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB+' with a Stable Outlook. The agency has also affirmed

Fitch Affirms DTAC at #BBB/AA(tha)#; Outlook Stable Stcoks—16 Oct 18

Fitch Ratings has affirmed Thailand-based telecommunications company Total Access Communication Public Company Limited's (DTAC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB' with a Stable Outlook. The agency has also

Fitch Affirms TASCO at #A-(tha)#/Stable and Withdraws Ratings Stcoks—12 Oct 18

Fitch Ratings (Thailand) Limited has affirmed Tipco Asphalt Public Company Limited's (TASCO) National Long-Term Rating at 'A-(tha)' and its National Short-Term Rating at 'F2(tha)'. The Outlook is Stable. Fitch has simultaneously chosen to withdraw

Fitch Rates AEON Thana Sinsap#s THB Notes #A-(tha)# Stcoks—08 Oct 18

Fitch Ratings (Thailand) has assigned AEON Thana Sinsap (Thailand) Public Company Limited's (AEONTS; A-(tha)/Stable) upcoming issue of Thai baht-denominated senior unsecured notes a National Long-Term Rating of 'A-(tha)'. Proceeds of the issuance will be

Fitch Rates THB Notes Issued by SMBC#s Bangkok Branch #AAA(tha)# Stcoks—04 Oct 18

Fitch Ratings (Thailand) has assigned Sumitomo Mitsui Banking Corporation's (SMBC; A/Stable/F1) upcoming issuance of up to THB3 billion in senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The tenure for the notes will be up to three

Fitch Ratings: Thailand Resilient to Rising Global Risks Stcoks—02 Oct 18

Thailand's economy and banks should be able to weather heightening global risks from rising US interest rates, although escalating trade wars could pressure global growth next year, according to sovereign and banking analysts at Fitch Ratings' annual

Fitch Affirms Siam Future at #BBB(tha)#; Outlook Stable Stcoks—28 Sep 18

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, National Short-Term Rating at 'F3(tha)' and outstanding senior unsecured debentures at

Fitch Rates ICBCTL#s Senior Notes #AAA(tha)# Stcoks—24 Sep 18

Fitch Ratings (Thailand) Limited has assigned ICBC (Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The notes will be issued under ICBCTL's THB30

Fitch Affirms Standard Chartered Bank (Thai) at #A-#; Outlook Stable Stcoks—21 Sep 18

Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited's (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A-' with a Stable Outlook. At the same time, the agency has affirmed SCBT's National

Fitch Rates Bangkok Bank#s USD Senior Notes Final #BBB+# Stcoks—17 Sep 18

Fitch Ratings has assigned Bangkok Bank Public Company Limited's (BBL; BBB+/Stable/bbb+) USD1.2 billion senior unsecured notes a final rating of 'BBB+'. The notes will be issued in two tranches, USD600 million for each tranche. The two tranches will have

Fitch Rates Bangkok Bank#s Proposed USD Senior Notes #BBB+(EXP)# Stcoks—13 Sep 18

Fitch Ratings has assigned Bangkok Bank Public Company Limited's (BBL; BBB+/Stable/bbb+) proposed US dollar denominated senior unsecured notes an expected 'BBB+(EXP)' rating. The notes will be issued under BBL's USD3.0 billion global medium-term note

Fitch: ThaiBev#s Larger Issuance Won#t Affect Rating on Bond Stcoks—11 Sep 18

Fitch Ratings (Thailand) Limited says there will be no rating impact on the 'AA(tha)' rating on Thai Beverage Public Company Limited's (ThaiBev, BBB-/AA(tha)/Stable) new senior unsecured debentures after the company increased the size of the issuance to

Fitch Upgrades Thailand#s TMB, TBANK, TCAP and Affirms Other Mid- and Small-Sized Stcoks—11 Sep 18

Fitch Ratings has upgraded the National Long-Term Ratings of Thailand-based TMB Bank Public Company Limited and Thanachart Bank Public Company Limited (TBANK) to 'AA-(tha)', from 'A+(tha)', and the National Long-Term Rating of TBANK's holding company,

Fitch Ratings: Diversification Shields Thai Securities Firms from Volatility Stcoks—29 Aug 18

Thai securities companies that are able to build up their franchises and continue to diversify to reduce their reliance on brokerage revenue are likely to fare better in the challenging operating environment, Fitch Ratings says. Fitch expects the

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)# Stcoks—23 Aug 18

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to EASY BUY Public Company Limited's (EB; AA+(tha)/Stable) upcoming issue of up to THB1.5 billion of senior unsecured bonds. The bonds will have a maturity of two years. The

Fitch Affirms BAM at #AA-(tha)#; Outlook Negative Stcoks—17 Aug 18

Fitch Ratings (Thailand) has affirmed Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long-Term Rating at 'AA-(tha)' with a Negative Outlook. A full list of rating action is at the end of this commentary. KEY RATING

Fitch Affirms AEON Thana Sinsap at #A-(tha)#; Outlook Stable Stcoks—17 Aug 18

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of AEON Thana Sinsap (Thailand) Public Company Limited (AEONTS) at 'A-(tha)' with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY

Fitch Downgrades CIMBT to #AA-(tha)#; Maintains RWN on CGS-CIMB TH Stcoks—16 Aug 18

Fitch Ratings (Thailand) has downgraded CIMB Thai Bank Public Company Limited's (CIMBT) National Long-Term Rating to 'AA-(tha)' from 'AA(tha)'. The agency has also downgraded the guaranteed bonds issued by subsidiary, CIMB Thai Auto Co., Ltd. (CIMBT

Fitch Ratings: Further Growth for Thailand#s Competitive Non-Life Insurers Stcoks—06 Aug 18

Better economic prospects, with a pick-up in consumer purchasing power, should support continued premium growth for Thailand's motor, industrial and property and marine insurance segments for the remainder of 2018. However, profitability could be

Fitch Rates ThaiBev#s Unsecured THB Debentures #AA(tha)# Stcoks—03 Aug 18

Fitch Ratings (Thailand) Limited has assigned Thai Beverage Public Company Limited's (ThaiBev, BBB-/AA(tha)/Stable) new senior unsecured debentures amounting to THB70 billion a National Long-Term Rating of 'AA(tha)'. The debentures are in five tranches

Fitch Affirms ThaiBev at #BBB-#/#AA(tha)#; Outlook Stable Stcoks—02 Aug 18

Fitch Ratings-Bangkok/Singapore-02 August 2018: Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating at 'BBB-', and its National Long-Term Rating at 'AA(tha)'. The Outlook is

Fitch Affirms ThaiBev at #BBB-#/#AA(tha)#; Outlook Stable Stcoks—02 Aug 18

Fitch Ratings has affirmed Thai Beverage Public Company Limited's (ThaiBev) Long-Term Foreign-Currency Issuer Default Rating at 'BBB-', and its National Long-Term Rating at 'AA(tha)'. The Outlook is Stable. ThaiBev experienced challenges in its domestic

Fitch: Thai Banks# Asset Quality Stabilising in Line with Expectations Stcoks—01 Aug 18

The 1H18 results for listed Thai banks show that the asset-quality cycle has started to stabilise, with positive impact on banks' profitability and buffers. The trend is in line with Fitch Ratings' expectations (see Fitch: Thai Banks' Asset Quality

Fitch Affirms Siam Cement at #A+(tha)#; Rates New Debentures #A+(tha)# Stcoks—26 Jul 18

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating and the senior unsecured rating of The Siam Cement Public Company Limited (SCC) at 'A+(tha)'. The Outlook on the National Long-Term Rating is Stable. At the same time, Fitch has

Fitch Affirms JWD InfoLogistics at #BBB+(tha)#; Outlook Negative Stcoks—24 Jul 18

Fitch Ratings (Thailand) Limited has affirmed JWD InfoLogistics Public Company Limited's National Long-Term Rating at 'BBB+(tha)'. The Outlook remains Negative. Simultaneously, the agency has affirmed JWD's National Short-Term Rating at 'F2(tha)'. The

Fitch Affirms Mercedes-Benz (Thailand)#s MTN Programmes at #AAA(tha)# Stcoks—23 Jul 18

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating on Mercedes-Benz (Thailand) Limited's (MBTh) medium-term note (MTN) programme of up to THB15 billion (MTN-2) and its THB10 billion MTN programme (MTN-1) at 'AAA(tha)'. The

Fitch Rates Navanakorn Electricity#s Thai Baht Debentures #A-(tha)# Stcoks—18 Jul 18

Fitch Ratings (Thailand) has assigned Navanakorn Electricity Generating Company Limited's (NNEG, A-(tha)/Stable) upcoming senior unsecured amortising debentures of up to THB6.4 billion a National Long-Term Rating of 'A-(tha)'. Proceeds will be used to