Friday April 3, 2020 17:05

RATINGS Press Releases

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

Fitch Rates ICBCTL's Senior Notes 'AAA(tha)' Stcoks—26 Mar 20

Bangkok--26 Mar--Fitch Ratings Fitch Ratings (Thailand) 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

Fitch Revises Outlook on Thailand's EXIM and KTB to Stable; Affirms Stcoks—23 Mar 20

Bangkok--23 Mar--Fitch Ratings Fitch Ratings has revised the Outlook on the Long-Term Foreign-Currency Issuer Default Ratings (IDR) of Export-Import Bank of Thailand (EXIM) and Krung Thai Bank Public Company Limited (KTB) to Stable from Positive. At the

Fitch Revises Outlook on Thailand's PTT and PTTEP to Stable from Positive; Affirms at Stcoks—20 Mar 20

A downgrade of PTT's IDR.Any significant weakening of linkages with the parent, though considered unlikely over the medium term. Rating Sensitivities for Thailand sovereign The main factors that could, individually or collectively, lead to a positive

Fitch Ratings: Thai Bank and Corporate Outlooks to Weaken in Sharp Stcoks—18 Mar 20

Thai banks' asset quality and earningswill be significantly weaker in 2020 and Thai corporates face challengingcredit conditions because the country's economy will be one of the hardest hitby the coronavirus pandemic in the APAC region, Fitch Ratings

Fitch Revises Outlook on Thailand to Stable; Affirms at 'BBB+' Stcoks—18 Mar 20

Fitch Ratings has revised its Outlook onThailand's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stablefrom Positive and has affirmed the rating at 'BBB+'. KEY RATING DRIVERS The Outlook revision reflects the evolvingimpact of the global

Fitch Rates MBKET's Thai Baht Subordinated Debentures 'AA(tha)' Stcoks—11 Mar 20

Fitch Ratings (Thailand) has todayassigned a National Long-Term Rating of 'AA(tha)' to Maybank Kim Eng Securities(Thailand) Public Company Limited's (MBKET; AA+(tha)/Stable) upcoming Thaibaht-denominated subordinated debentures. The firm plans to use the

Fitch Places One IDR, Debt Ratings of 26 APAC Banks Under Criteria Stcoks—05 Mar 20

Fitch Ratings has placed one Issuer Default Rating (IDR) and various international scale debt ratings of 26 APAC banks under criteria observation (UCO). A full list of the banks is available atthe end of this commentary. The UCO placements follow the

Fitch Ratings: Singapore, Thai Banks Likely Most Affected by COVID-19 in South-East Stcoks—04 Mar 20

The COVID-19 outbreak will hit south-east Asian banking sectors through weaker economic growth, slower credit growth and dampened profitability, with banks in tourism-dependent Thailand and China-exposed Singapore likely to be the most affected, says

LONGi achieves AAA ranking status in latest PV ModuleTech Bankability Energy—27 Feb 20

LONGi, China's top solar manufacturer, has been assigned AAA-Rated status (the highest grade awarded) by the market research division of leading London-based PV-Tech, in the latest Q1 2020 release of the PV ModuleTech Bankability Ratings. LONGi is the

LONGi คว้าอันดับ AAA จากการจัดอันดับความน่าลงทุนของผู้ผลิตเซลล์แสงอาทิตย์โดย พลังงาน—27 Feb 20

LONGi ผู้ผลิตเซลล์แสงอาทิตย์ชั้นนำของจีน ได้รับการจัดอันดับ AAA (อันดับสูงสุด) ในรายงานการจัดอันดับความน่าลงทุนของผู้ผลิตเซลล์แสงอาทิตย์ (PV ModuleTech Bankability Ratings) ประจำไตรมาสแรกปี 2563 ซึ่งจัดทำโดยแผนกวิจัยตลาดของบริษัท PV-Tech ในกรุงลอนดอน

The Athenee Hotel, a Luxury Collection Hotel, Bangkok and Athenee Spa Named Four-Star Hotel and Spa Lifestyle—26 Feb 20

ATLANTA, February 12, 2020 Forbes Travel Guide ("FTG"), the world-renowned and only global rating system for luxury hotels, restaurants and spas, today announced its annual Star Rating list, presenting The Athenee Hotel, a Luxury Collection Hotel,

ก.ล.ต. ร่วมมือ UNDP และพันธมิตร จัดสัมมนาส่งเสริมการดำเนินธุรกิจบรรลุ Events—25 Feb 20

ก.ล.ต. ร่วมกับสำนักงานโครงการพัฒนาแห่งสหประชาชาติ (UNDP) และสมาคมเครือข่ายโกลบอลคอมแพ็กแห่งประเทศไทย (GCNT) จัดสัมมนา "From ESG to SDGs : Integrating SDGs Impact Measurement and Management Framework in Business and Investment Strategies"

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 Downgrades Bangkok Commercial Asset Management to #BBB+(tha)#; Outlook Stcoks—19 Feb 20

Fitch Ratings has downgraded Bangkok Commercial Asset Management Public Company Limited's (BAM) National Long-Term Rating to 'BBB+(tha)', from 'AA-(tha)', and National Short-Term Rating to 'F2(tha)', from 'F1+(tha)'. The Outlook is Stable. All ratings

Fitch Rating: 5G Spectrum Win Trims Rating Headroom at Thailand-Based Stcoks—19 Feb 20

Thailand's largest mobile telco, Advanced Info Service Public Company Limited (AIS; BBB+/AA+(tha)/Stable), should have sufficient rating headroom to absorb 5G licences and investments, says Fitch Ratings. AIS has emerged as the biggest winner of the 5G

MGID Make Only 100% Viewable Native Advertisements Billable Events—12 Feb 20

MGID, the global pioneer in native advertising, has announced it will only charge buyers for 100% viewable native advertising placements, as well as content recommendation widgets, using the Media Ratings Council (MRC) Viewable Ad Impression Measurement

Thailand#s 5G Auction to Raise Ante, Leverage for Telcos Stcoks—11 Feb 20

The upcoming 5G auction in Thailand is likely to stretch the financial profiles of successful telco bidders, says Fitch Ratings. Five telcos are reportedly vying for a limited range of spectrum in the 16 February 2020 auction, and the winners will have

Fitch Assigns Citicorp Leasing (Thailand) #AAA(tha)# Outlook Stable Stcoks—03 Feb 20

Fitch Ratings (Thailand) has today assigned Citicorp Leasing (Thailand) Limited (CLT) a National Long-Term Rating of 'AAA(tha)' with a Stable Outlook, and a National Short-Term Rating of 'F1+(tha)'. KEY RATING DRIVERS CLT's ratings reflect Fitch's

Leverage at Thailand-Based AIS Could Rise on Tribunal Order Stcoks—03 Feb 20

Fitch Ratings-Bangkok/Singapore-31 January 2020: Advanced Info Service Public Company Limited (AIS; BBB+/AA+(tha)/Stable) - Thailand's leading telco - could see a higher financial leverage following an order by the Thai Arbitration Tribunal for the

Panda Patriot LLC Debt Rating Lowered To #CCC# On Upcoming Debt Maturity, Covenant CreditWatch Stcoks—31 Jan 20

NEW YORK (S&P Global Ratings) Jan. 30, 2020--S&P Global Ratings today took the rating actions listed above. Because of recent underperformance and continued unfavorable market conditions in Pennsylvania of PJM, Panda Patriot LLC is susceptible to

Fitch Revises Siam Cement#s Outlook to Affirms at #A+(tha)# Stcoks—30 Jan 20

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

Fitch Ratings: Thai Deals Highlight Asian Banks# Rising Risk Appetite Stcoks—30 Jan 20

A number of Thai banks have looked to expand their international operations in recent weeks, highlighting a trend towards rising risk appetite among banks in Asia, says Fitch Ratings. The trend, which has been fed by pressures on profitability, could

Fitch Ratings: Thai Life Insurers Face Challenges from Lower Returns Stcoks—30 Jan 20

Thai life insurers' capitalisation may face greater strain from investments in riskier assets as they have increased their holdings of higher yielding assets to counter a prolonged period of subdued investment returns, Fitch Ratings says. However, we

Fitch Rates Eastern Polymer#s New Debentures #A-(tha)# Stcoks—20 Jan 20

Fitch Ratings (Thailand) Limited has assigned Eastern Polymer Group Public Company Limited's (EPG, A-(tha)/Stable) proposed senior unsecured debentures of up to THB800 million due 2023 a National Long-Term Rating of 'A-(tha)'. The proceeds of the

Celebrating Spring (Festival): Tokyo Takes Top Destinations Spot for Asian Travelers During Lunar Lifestyle—17 Jan 20

Tokyo, Bangkok and Taipei are the top three destinations for travelers from across Asia to celebrate the Lunar New Year, according to data from Agoda, one of the world's fastest growing digital travel platforms (https://www.agoda.com/?site_id=1811392).