Fitch issues AA rating
Fitch Ratings Thailand has assigned Bangkok Commercial Asset Management Public Company Limited's (BAM; AA-(tha)/Negative) senior unsecured notes of up to Bt8 billion a rating of 'AA-(tha)'.
The notes will be issued in tranches with maturities of up to 10 years.
The issuer has an option to redeem the notes after five years.
Proceeds of the issue will be used for general corporate purposes and refinancing.
