Fitch Affirms ข่าวประชาสัมพันธ์ “Fitch Affirms”

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of Bank of China (Thai) Public Company Limited (BOCT) at 'AAA(tha)' with a Stable Outlook, and the National Short-Term Rating at 'F1+(tha)'. KEY RATING DRIVERS BOCT's National Ratings

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT) and ICBC (Thai) Leasing Company Limited (ICBCTL) at 'AAA(tha)' with a Stable Outlook. At the same time,

Fitch Ratings - Bangkok - 29 Jul 2020: 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

Fitch Ratings (Thailand) has affirmed Eastern Polymer Group Public Company Limited's (EPG) National Long-Term Rating and the senior unsecured debt rating at 'A-(tha)'. The Outlook is Stable. The affirmation reflects our belief that EPG's operating cash

Fitch Ratings (Thailand) has affirmed SCB Asset Management Co., Ltd's (SCBAM) National Investment Management Quality Rating (IMQR) at 'Excellent(tha)'. The Outlook is Stable. KEY RATING DRIVERS SCBAM's rating is based on the following category

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating of residential-property developer Risland (Thailand) Company Limited's (RLT) THB1.5 billion guaranteed debentures due 2022 at 'AA(tha)'. The Outlook is Stable. KEY RATING

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 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 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 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 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 has affirmed Citicorp Leasing (Thailand) Limited's (CLT) National Long-Term Rating at 'AAA(tha)' with a Stable Outlook, and its National Short-Term Rating at 'F1+(tha)'. KEY RATING DRIVERS CTL's ratings are driven by institutional support from

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 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 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

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

Revenue to fall by 4%-5% in 2020, comprising of -5% for the Thai operation (-20% over three-months and par for the remaining nine months) and 2%-5% for its regional operationsRevenue to fully recover with 7%-8% growth in 2021 and 4%-5% in 2022 following

A persistent drop in capitalisation, measured by a decline in the RBC ratio, to below 280% and deterioration in the Prism FBM score to below 'Strong' for an extended period; orA prolonged weakening in profitability, indicated by a pretax ROA that is

Revenue growth of 4%-5% in 2020 and increasing to 9%-10% a year in 2021-2022EBITDAR margin to remain at about 5.6% in 2020 and gradually improve in 2021-2022Total capex of THB7.5 billion-8 billion a year in 2020-2021 and THB5 billion-6 billion in 2022,

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 Ratings has affirmed Bangkok Bank Public Company Limited's (BBL) Long-Term Issuer Default Rating (IDR) at 'BBB+' and National Long-Term Rating at 'AA+(tha)' with a Stable Outlook following the bank's announcement of its plan to acquire an 89% stake

Fitch Ratings has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch Ratings (Thailand) Limited has also assigned BAFS's proposed senior unsecured debentures of as

Fitch Ratings has affirmed the 'BBB+' rating on Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities. KEY RATING DRIVERS Driven by Guarantor's Rating: The notes are rated at the same level as

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

Fitch Ratings (Thailand) has affirmed the 'AAA(tha)' National Long-Term Ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes. KEY RATING DRIVERS The National Long-Term

Fitch Ratings (Thailand) Limited has affirmed food retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. The agency has upgraded the National Long-Term Rating of its unsecured bonds to 'A(tha)' from

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's (Makro) National Long-Term Rating at 'A(tha)' with a Stable Outlook. KEY RATING DRIVERS Leading Food Wholesaler: Makro has been the sole operator in Thailand's modern

Fitch Ratings has affirmed all ratings of Islamic Bank of Thailand (IBANK), including its Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Positive Outlook, and its National Long-Term Rating at 'AA(tha)' with a Stable Outlook. At the same time,

Fitch Ratings (Thailand) has affirmed the National Long-Term rating on Small and Medium Enterprise Development Bank of Thailand (SME BANK) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating has also been affirmed at 'F1+(tha)'. KEY RATING

Fitch Ratings (Thailand) has affirmed the National Long-Term Rating on the Bank for Agriculture and Agricultural Cooperatives (BAAC) at 'AAA(tha)' with Stable Outlook. The National Short-Term Rating is affirmed at 'F1+(tha)'. KEY RATING DRIVERS The