TRIS DOWNGRADES NMG
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TRIS Rating has downgraded the company rating of Nation Multimedia Group (NMG) to “D” and has removed its credit alert with a “negative” implication, according to its statement yesterday. The downgrade follows NMG’s failure to repay or roll over outstandi
TRIS says it will reassess NMG’s credit rating if the company is able to fulfil its debt-repayment obligations in accordance with the borrowing agreements or if the lenders agree to amend the terms and conditions of NMG’s financial obligations.
STAKE IN DIAPER MAKER
Morgan Stanley Private Equity Asia said its fund would buy a 25.63-per-cent stake in DSG International Thailand, a maker of baby and adult diapers, for Bt1.61 billion, or Bt5 a share, in its first investment in Thailand. – Reuters
CHARGE OVER BREACH
The National Broadcasting and Telecommunications Commission board yesterday resolved to authorise the NBTC office to file a charge with police today against an employee of Advanced Wireless Network, a subsidiary of Advanced Info Service, who allegedly breached the firm’s policy on the security of customers’ personal data.
