Thursday June 4, 2020 15:12

FITCH RATINGS Press Releases

Fitch Assigns 'BBB+' Rating to PTT Exploration's Proposed Notes Stcoks—04 Jun 20

Fitch Ratings has assigned a 'BBB+' rating to PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Stable) proposed US dollar notes. The notes will be issued under its global medium-term note programme (GMTN) by its fully owned financing

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 Revises Outlook on AEON Thana Sinsap to Negative; Affirms at Stcoks—27 May 20

Fitch Ratings has revised the Outlook on AEON Thana Sinsap (Thailand) Public Company Limited's (AEONTS) National Long-Term Rating to Negative, from Stable, and has affirmed the rating at 'A-(tha)'. KEY RATING DRIVERS The Negative Outlook reflects

Fitch Downgrades Esso (Thailand)'s Bills of Exchange to 'F2(tha)' from Stcoks—22 May 20

Fitch Ratings (Thailand) has downgraded the National Short-Term Rating on Esso (Thailand) Public Company Limited's (Esso) bills of exchange revolving programme of up to THB12 billion to 'F2(tha)' from 'F1(tha)'. The maturity of each series of bills is no

Coronavirus Restrictions Hit Thai Telcos' Revenue Growth Stcoks—20 May 20

Service revenues for Thai telecom operators are likely to decline modestly in 2020 due to a slowing economy amid the coronavirus pandemic, says Fitch Ratings. We expect the sector's free cash flow to turn negative in 2020, as higher capex and spectrum

Fitch Downgrades Siam Future to 'BBB-(tha)'; Outlook Negative Stcoks—19 May 20

Fitch Ratings (Thailand) has downgraded Siam Future Development Public Company Limited's (SF) National Long-Term Rating and senior unsecured debt rating to 'BBB-(tha)' from 'BBB(tha)'. The Outlook is Negative. Simultaneously, the agency has affirmed its

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 Revises TMB's Outlook to Stable, Affirms Rating at 'BBB-' Stcoks—14 May 20

Fitch Ratings has revised the Outlook on TMB Bank Public Company Limited's (TMB) Long-Term Issuer Default Rating (IDR) and National Long-Term Rating to Stable from Positive and affirmed the ratings at 'BBB-' and at 'AA-(tha)', respectively. At the same

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 Rates CIMB Thai Bank's MTN Programme at 'AA-(tha)'/'F1+(tha)' Stcoks—13 May 20

Fitch Ratings (Thailand) Limited has assigned CIMB Thai Bank Public Company Limited's (CIMBT; AA-(tha)/Negative/F1+(tha)) senior unsecured medium-term note (MTN) programme a National Long-Term Rating of 'AA-(tha)' and a National Short-Term Rating of

Fitch Revises KCE's Outlook to Negative; Affirms at 'A-(tha)' Stcoks—11 May 20

Fitch Ratings (Thailand) Limited has revised KCE Electronics Public Company Limited's (KCE) Outlook to Negative from Stable and affirmed its National Long-Term Rating at 'A-(tha)'. The Negative Outlook reflects evolving risks from the COVID-19 pandemic

Fitch Revises Outlook on Muang Thai Life Assurance to Negative; Affirms IFS Rating at Stcoks—11 May 20

Bangkok--11 May--Fitch Ratings Fitch Ratings - Bangkok/Singapore - 08 May 2020: Fitch Ratings has revised the Outlook on Muang Thai Life Assurance Public Company Limited's (MTL) Insurer Financial Strength (IFS) Rating to Negative from Stable and

Thai NBFIs Face Greater Pressure from Coronavirus Shock Stcoks—07 May 20

Fitch Ratings has changed its outlook on the operating environment rating factor to negative for Thai non-bank financial institutions (NBFIs), due to the economic and business disruptions caused by the coronavirus pandemic. Fitch forecasts Thai GDP to

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 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 Revises Outlook on Finansa to Negative; Affirms Ratings Stcoks—27 Apr 20

Fitch Ratings (Thailand) has revised the Outlook on Finansa Public Company Limited's (FNS) to Negative from Stable, and affirmed National Long-Term Rating at 'BBB-(tha)' and National Short-Term Rating at 'F3(tha)'. The Outlook revision reflects

Fitch Revises Outlook on Yuanta Securities (Thailand) to Negative; Withdraws Debenture Stcoks—27 Apr 20

Fitch Ratings (Thailand) has revised the Outlook on Yuanta Securities (Thailand) Company Limited's (YSTH) National Long-Term Rating to Negative from Stable and has affirmed the rating at 'AA(tha)'. The Outlook revision is consistent with Fitch's rating

Fitch Downgrades Bangkok Aviation Fuel Services to 'A-(tha)'; Outlook Stcoks—22 Apr 20

Fitch Ratings (Thailand) has downgraded Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating to 'A-(tha)', from 'A(tha)'. The Outlook is Negative. The downgrade and the Negative Outlook reflect Fitch's expectation

Fitch Downgrades Maybank Kim Eng Securities (Thailand) to 'AA(tha)'; Outlook Stcoks—20 Apr 20

Fitch Ratings has today downgraded Maybank Kim Eng Securities (Thailand) Public Company Limited's (MBKET) National Long-Term Rating to 'AA(tha)' from 'AA+(tha)'. The Outlook is Stable. The company's National Short-Term Rating was affirmed at

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 Downgrades Thailand's IRPC to 'A-(tha)'; Outlook Stable Stcoks—02 Apr 20

This is a correction of a release published 2 April 2020. It corrects the leverage metric used in the "Delay in Project" Key Rating Driver and Rating Sensitivities. Fitch Ratings (Thailand) has downgraded IRPC Public Company Limited's National Long-Term

เมืองไทยประกันชีวิตเผย“ฟิทช์ เรทติ้งส์”คงอันดับความแข็งแกร่งทางการเงินสากล'A-'แนวโน้มอัน ปฏิทินข่าว—15 Apr 20

นายสาระ ล่ำซำ กรรมการผู้จัดการและประธานเจ้าหน้าที่บริหาร บริษัท เมืองไทยประกันชีวิต จำกัด (มหาชน) เปิดเผยว่า บริษัทฯ ได้รับการประกาศคงอันดับความแข็งแกร่งทางการเงินสากล (Insurer Financial Strength : IFS) จากฟิทช์ เรทติ้งส์ (Fitch Ratings) อยู่ที่ 'A-'

Fitch Downgrades Bank of Ayudhya to 'BBB+'; Outlook Stable Stcoks—09 Apr 20

Fitch Ratings has downgraded Thailand-based Bank of Ayudhya Public Company Limited's (BAY) Long-Term Issuer Default Rating (IDR) to 'BBB+' from 'A-' with a Stable Outlook, following similar rating action for its parent, MUFG Bank, Ltd. (A-/Stable/a-),

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 Downgrades Siam Commercial Bank to 'BBB' on Coronavirus Outbreak Stcoks—03 Apr 20

https://www.fitchratings.com/research/banks/coronavirus-increases-challenges-for-thai-banks-operating-environment-02-04-2020. The duration and trajectory of the coronavirus outbreak remains uncertain. As such Fitch expects that in a base case scenario,

Fitch Downgrades KASIKORNBANK to 'BBB' on Coronavirus Outbreak Stcoks—03 Apr 20

https://www.fitchratings.com/research/banks/coronavirus-increases-challenges-for-thai-banks-operating-environment-02-04-2020. Fitch's base-case scenario sees KBank's asset quality and performance being significantly affected over the next two years,

Fitch Downgrades Bangkok Bank to 'BBB' on Coronavirus Outbreak Stcoks—03 Apr 20

https://www.fitchratings.com/research/banks/coronavirus-increases-challenges-for-thai-banks-operating-environment-02-04-2020. The duration and trajectory of the coronavirus outbreak remains uncertain. As such, Fitch expects BBL's asset quality and

Coronavirus Increases Challenges for Thai Banks' Operating Environment Stcoks—03 Apr 20

Bangkok--3 Apr--Fitch Ratings Fitch Ratings has revised its operating environment mid-point score for Thai banks to 'bbb', from 'bbb+', due to the significant pressures on the banking sector stemming from the coronavirus pandemic. The ultimate