Wednesday August 21, 2019 12:20

FITCH RATING Press Releases

Fitch Ratings: Competition Eases, But Costs Weigh on Thai Telcos# Earnings Stcoks—15 Aug 19

Fitch Ratings expects the growth of Thai mobile telecoms service revenue to accelerate in 2H19 as competition in the sector has eased. In 2Q19, all major mobile operators in Thailand gradually started to phase out the generous fixed-speed and unlimited

Fitch Revises Outlook on BAM to Affirms #AA-(tha)# Stcoks—09 Aug 19

Fitch Ratings (Thailand) has revised its Outlook on Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long-Term Rating to Stable from Negative and has affirmed BAM's National Long-Term Rating at 'AA-(tha)'. KEY RATING

Fitch Affirms Central American Bank for Economic Integration#s THB Bonds at Stcoks—07 Aug 19

Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Rating on the Central American Bank for Economic Integration's (CABEI) THB1.235 billion senior unsecured bonds due 2021. KEY RATING DRIVERS The National rating on CABEI's senior

Fitch Rtgs: Thai Bank Stable Asset Quality, Capital Build to Continue Stcoks—30 Jul 19

Fitch Ratings-Bangkok-30 July 2019: The 1H19 financial results for Thailand's listed banks were stable, with trends in asset quality and profitability broadly supportive of credit, Fitch Ratings says. Loan growth fell short of estimates, reflecting

Fitch Upgrades Thai EXIM#s ST Rating to #F1#; Revises Outlooks on EXIM, IBANK and KTB to Stcoks—25 Jul 19

Fitch Ratings has revised the Outlook on the Long-Term Foreign-Currency Issuer Default Ratings (IDR) of Export-Import Bank of Thailand (EXIM), Islamic Bank of Thailand (IBANK) and Krung Thai Bank Public Company Limited (KTB) to Positive from Stable. At

Fitch Assigns Risland (Thailand)#s Guaranteed Debentures #AA(tha)# Stcoks—25 Jul 19

Fitch Ratings (Thailand) Limited has assigned residential-property developer Risland (Thailand) Company Limited's (RLT) guaranteed debentures of THB1.5 billion due 2022 a final National Long-Term Rating of 'AA(tha)'. The Outlook is Stable. RLT will use

Fitch Affirms and Withdraws Ratings on TBANK and TCAP Stcoks—25 Jul 19

Fitch Ratings has affirmed and withdrawn the ratings on Thanachart Bank Public Company Limited (TBANK) and its holding company Thanachart Capital Public Company Limited's (TCAP). Fitch has chosen to withdraw the ratings of TBANK and TCAP for commercial

Fitch Assigns Eastern Polymer Group First-Time #A-(tha)#; Outlook Stable Stcoks—24 Jul 19

Fitch Ratings (Thailand) Limited has assigned Eastern Polymer Group Public Company Limited (EPG), a polymer and plastic manufacturer, a National Long-Term Rating of 'A-(tha)'. The Outlook is Stable. EPG's rating reflects its leading niche market

Fitch Downgrades JWD InfoLogistics to #BBB(tha)#; Outlook Stable Stcoks—24 Jul 19

Fitch Ratings (Thailand) Limited has downgraded JWD InfoLogistics Public Company Limited's (JWD) National Long-Term Rating to 'BBB(tha)' from 'BBB+(tha)' and downgraded its National Short-Term Rating to 'F3(tha)' from 'F2(tha)'. The Outlook is

Fitch Ratings (Thailand) has affirmed Thailand-based SCB Asset Management Co., Ltd#s (SCBAM) Stcoks—23 Jul 19

National IMQRs are assigned on a descriptive scale based on Fitch's assessment of the asset manager's investment capabilities and the strength of its operational platform. Asset managers are rated 'Excellent', 'Strong', 'Proficient', 'Adequate' and

Fitch Revises Outlook on Thailand#s PTT and PTTEP to Affirms at #BBB+# Stcoks—22 Jul 19

Fitch Ratings has revised the Outlook on PTT Public Company Limited (PTT) and PTT Exploration and Production Public Company Limited (PTTEP) to Positive from Stable. The agency has affirmed the two companies' Issuer Default Ratings and PTTEP's senior

Fitch Affirms Mercedes-Benz (Thailand)#s MTN Programme at #AAA(tha)# Stcoks—19 Jul 19

Fitch Ratings-Bangkok-19 July 2019: 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 at 'AAA(tha)'. The Outlook is Stable. At

แถลงข่าวผลการจัดอันดับความน่าเชื่อถือของประเทศไทย โดยบริษัท Fitch Ratings หุ้น—19 Jul 19

กระทรวงการคลังขอรายงานผลการจัดอันดับความน่าเชื่อถือของประเทศไทยโดยบริษัทจัดอันดับความน่าเชื่อถือ Fitch Ratings (Fitch) ว่า ในวันศุกร์ที่ 19 กรกฎาคม 2562 Fitch

Fitch Revises Outlook on Thailand to Affirms at #BBB+# Stcoks—19 Jul 19

Fitch Ratings-Hong Kong-18 July 2019: Fitch Ratings has revised its Outlook on Thailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the rating at 'BBB+'. A full list of rating actions is at the end of

Fitch Ratings: BAM#s Senior Note Rating Intact After Size Increase Stcoks—11 Jul 19

Fitch Ratings (Thailand) says the 'AA-(tha)' National Long-Term Rating on Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) upcoming senior unsecured notes will not be affected by a change in the issue size. The size

Fitch Rates KTB Securities# THB Subordinated Debentures #BB-(tha)# Stcoks—05 Jul 19

Fitch Ratings-Bangkok-05 July 2019: Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'BB-(tha)' to KTB Securities (Thailand) Public Company Limited's (KTBST; BB(tha)/Stable) upcoming issue of up to THB400 million in subordinated

Fitch Affirms Finansa at #BBB-(tha)#; Outlook Stable Events—03 Jul 19

Fitch Ratings - Bangkok - 03 July 2019: Fitch Ratings (Thailand) has affirmed Finansa Public Company Limited's (FNS) National Long-Term Rating at 'BBB-(tha)' with a Stable Outlook. The agency has also affirmed the company's National Short-Term Rating at

Fitch Affirms Asia Plus Group Holdings at #A(tha)#; Outlook Stable Events—03 Jul 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on Asia Plus Group Holdings Public Company Limited (ASP) at 'A(tha)' with a Stable Outlook. At the same time, the agency has affirmed ASP's National Short-Term Rating at 'F1(tha)'. KEY

Fitch Affirms Finansia Syrus#s National Long-Term Rating at #BBB+(tha)#; Outlook Events—03 Jul 19

Fitch Ratings (Thailand) has affirmed Finansia Syrus Securities Public Company Limited's (FSS) National Long-Term Rating at 'BBB+(tha)' with a Stable Outlook, and its National Short-Term Rating at 'F2(tha)'. KEY RATING DRIVERS FSS's ratings reflect its

Fitch Affirms KTB Securities (Thailand) at #BB(tha)#; Outlook Stable Stcoks—03 Jul 19

Fitch Ratings (Thailand) has affirmed KTB Securities (Thailand) Public Company Limited's (KTBST) National Long-Term Rating at 'BB(tha)' with a Stable Outlook, National Short-Term Rating at 'B(tha)' and subordinated debentures at 'BB-(tha)'. KEY RATING

Fitch Ratings: Thailand to Benefit from Growth of China#s Investments in Stcoks—03 Jul 19

The importance and long-term benefits of China's Belt and Road Initiative for the Asia-Pacific region and China's economic and credit outlooks were among the key points highlighted at Fitch Ratings (Thailand) Limited's semi-annual investor briefing on

Fitch Ratings: Mozambique Project, Partex Acquisition to Boost PTTEP#s Stcoks—27 Jun 19

PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Stable) recent acquisition of Partex Holdings B.V. and the final investment decision on its Mozambique liquefied natural gas (LNG) project will boost the company's reserves and

Fitch Rates Bangkok Commercial Asset Management#s Senior Notes #AA-(tha)# Stcoks—26 Jun 19

Fitch Ratings-Bangkok-26 June 2019: Fitch Ratings (Thailand) has assigned Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) upcoming senior unsecured notes of up to THB15.0 billion a rating of 'AA-(tha)'. The notes

Fitch Upgrades Thailand#s IRPC to #A(tha)#; Outlook Stable Stcoks—24 Jun 19

Fitch Ratings (Thailand) has upgraded IRPC Public Company Limited's National Long-Term Rating and senior unsecured rating to 'A(tha)' from 'A-(tha)'. The Outlook is Stable. Fitch has also upgraded IRPC's National Short-Term Rating to 'F1(tha)' from

Fitch Upgrades Thailand#s PTT Global Chemical to #AA+(tha)#; Outlook Stcoks—20 Jun 19

Fitch Ratings (Thailand) Limited has upgraded PTT Global Chemical Public Company Limited's (PTTGC) National Long-Term Rating and senior unsecured rating to 'AA+(tha)' from 'AA(tha)'. The Outlook on the National Long-Term Rating is Stable. Fitch has also

Fitch Affirms Siam Cement #A+(tha)#; Outlook Stable Stcoks—18 Jun 19

Fitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Limited's (SCC) National Long-Term Rating at 'A+(tha)' with Stable Outlook. The agency has also affirmed SCC's senior unsecured rating at 'A+(tha)' and National Short-Term

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)# Stcoks—14 Jun 19

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 senior unsecured bonds. The bonds will have a tenor of up to three years. KEY RATING DRIVERS The

Fitch Ratings: Large Thai Food Retailers Face Challenges to Maintain Stcoks—13 Jun 19

Fitch Ratings-Bangkok-13 June 2019: The margins of Thailand's leading food retailers will come under pressure over the medium term due to fiercer competition, higher fixed costs per unit of sales from smaller store sizes and increasing proportion of

Fitch Affirms 5 Thai Non-Bank Subsidiaries of Foreign Financial Institutions Stcoks—10 Jun 19

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on five Thailand-based non-bank subsidiaries of foreign financial institutions as follows: EASY BUY Public Company Limited (EB) at 'AA+(tha)' Maybank Kim Eng Securities (Thailand)

Fitch Rates KTB#s Basel III Tier 2 THB Notes at #AA(tha)# Stcoks—04 Jun 19

Fitch Ratings (Thailand) has today assigned a National Long-Term Rating of 'AA(tha)' to Krung Thai Bank Public Company Limited's (KTB; AA+(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures. At