Sunday January 20, 2019 04:02

FITCH RATING Press Releases

Fitch Ratings: Dispute Settlement Costs Trim DTAC#s Rating Headroom Stcoks—11 Jan 19

The announcement by Thailand's third-largest mobile operator, Total Access Communication Public Company Limited (DTAC; BBB/AA(tha)/Stable), that it has agreed to a settlement with state-owned CAT Telecom Public Company Limited (CAT) potentially reduces

Fitch Rates MBKET#s Thai Baht Subordinated Debentures #AA(tha)# Stcoks—08 Jan 19

Fitch Ratings (Thailand) has today assigned a National Long-Term Rating of 'AA(tha)' to Maybank Kim Eng Securities (Thailand) Public Company Limited's (MBKET; AA+(tha)/Stable) upcoming Thai baht-denominated subordinated debentures. MBKET will issue up to

Fitch Ratings: Concession Wins to Lift PTT#s Reserves and Output Stcoks—18 Dec 18

PTT Exploration and Production Public Company Limited's (PTTEP) successful bid for rights to the Erawan and Bongkot fields will boost the group's reserves and production profile, Fitch Ratings says. PTTEP is the exploration and production arm of PTT

Fitch Affirms BAFS at #A+(tha)#; Maintains Negative Outlook Stcoks—13 Dec 18

Fitch Ratings (Thailand) Limited has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A+(tha)' and maintained Negative Outlook. Fitch has also affirmed BAFS's National Short-Term Rating at

Fitch Affirms SMBC Bangkok Branch#s THB Notes at #AAA(tha)# Stcoks—13 Dec 18

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 note ratings are based

Fitch Assigns Minor International#s USD Guaranteed Securities Final #BBB+# Stcoks—07 Dec 18

Fitch Ratings has assigned Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities a final rating of 'BBB+'. The final rating is in line with the expected rating assigned on 23 November 2018 and

Fitch Affirms Thai Life Insurance at #BBB+#; Outlook Stable Stcoks—28 Nov 18

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

Fitch Affirms Esso (Thailand)#s Bills of Exchange at #F1(tha)# Stcoks—27 Nov 18

Fitch Ratings (Thailand) has affirmed the National Short-Term Rating on ESSO (Thailand) Public Company Limited's (Esso) 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

Fitch Affirms Five Thai State Policy Banks Stcoks—27 Nov 18

The affirmations reflect Fitch's view that the banks would benefit from a high probability of state support if needed. EXIM's Issuer Default Ratings (IDRs) and senior debt rating are at the same level as that of the sovereign (BBB+/Stable/F2). The

Fitch Assigns First-Time #BBB+(EXP)# to Minor International#s USD Guaranteed Stcoks—23 Nov 18

Fitch Ratings has assigned Minor International Public Company Limited's (MINT) proposed guaranteed senior perpetual capital securities an expected rating of 'BBB+(EXP)'. The rating reflects the credit enhancement provided to investors by the

Fitch Rates EXIM#s USD300 Million Senior Notes Final #BBB+# Stcoks—22 Nov 18

Fitch Ratings has assigned Export-Import Bank of Thailand's (EXIM, BBB+/Stable) USD300 million five-year senior unsecured notes a final rating of 'BBB+'. The notes were issued under the bank's USD1.5 billion medium-term note (MTN) programme. The

Fitch Downgrades CGS-CIMB TH to #A(tha)/F1(tha)#; Off Outlook Stable Stcoks—19 Nov 18

Fitch Ratings (Thailand) has downgraded CGS-CIMB Securities (Thailand) Co., Ltd.'s (CGS-CIMB TH) National Long-Term Rating to 'A(tha)' from 'AA-(tha)' and National Short-Term Rating to 'F1(tha)' from 'F1+(tha)'. All ratings have been removed from Rating

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)# Stcoks—15 Nov 18

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes of up to USD300 million. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN)

Fitch Ratings: Global Power Synergy Still on Watch after Appeal of Regulator Stcoks—14 Nov 18

The ratings on Global Power Synergy Public Company Limited (GPSC) remain on Rating Watch Negative (RWN) after the company said it submitted an appeal of the Energy Regulatory Commission's (ERC) order to block GPSC's acquisition of GLOW Energy Public

Fitch Affirms Makro#s Rating at #A(tha)#; Outlook Stable Stcoks—14 Nov 18

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's National Long-Term Rating at 'A(tha)'. The Outlook is Stable. KEY RATING DRIVERS Overseas Expansion Drives Rising Leverage: Makro's funds from operations (FFO) adjusted

Fitch Affirms CP ALL#s Ratings at #A(tha)#; OutlookStable Stcoks—14 Nov 18

Fitch Ratings (Thailand) Limited has affirmed retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch has also affirmed the National Long-Term Rating of its secured bonds at 'A(tha)', the National

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