Amata ‘A’ rating for debt and company
TRIS Rating has affirmed the company rating and the ratings of the outstanding senior unsecured debentures of Amata Corporation Plc (AMATA) at “A”.
The ratings reflect the company’s proven record as one of the leading industrial estate developers in Thailand. The ratings also reflect a sizable base of recurring revenues from utility services and dividend AMATA receives from a number of investments in the power business.
The ratings are partially offset by the volatile nature of the market for industrial property, as well as the country and regulatory risks associated with AMATA’s operations in Vietnam.
