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Fitch Rates Muangthai Capital's THB Senior Unsecured Notes 'A-(tha)'

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'A-(tha)' to Muangthai Capital Public Company Limited's (MTC, A-(tha)/Stable) upcoming senior unsecured notes. The company expects the notes to be issued in October 2025 with a tenor of up to three years and one month. The proceeds will be used for the company's working capital. Key Rating Drivers The notes are rated at the same level as the company's National Long-Term Rating, as they are direct, unsecured, and senior

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