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Fitch affirms KCE Electronics rating at ‘A-(tha)’

May 13. 2019
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By The Nation

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Fitch Ratings (Thailand) on Monday affirmed KCE Electronics’ national long-term rating at “A-(tha)”, with a stable outlook.



The rating affirmation reflects Fitch’s expectation that the listed firm should be able to maintain its leading position in the automotive printed circuit board business. 

The ratings firm expects KCE’s financial profile to remain strong, despite weaker earnings in 2018, with funds from operations adjusted net leverage below 1x over the medium term.

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