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 Thai baht-denominated senior unsecured bonds. The company expects to issue in multiple tranches in November 2025. The bonds will have tenors of up to eight years and six months. The proceeds will be used to refinance maturing debt and support working capital. Key Rating DriversThe senior unsecured bonds are rated at the same level as MTC's
                        
                            
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