Fitch upgrades ratings of TMB and Thanachart banks
Fitch Ratings has upgraded the TMB and Thanachart (TBANK) banks’ national long-term ratings to “AA-” from “A+”, and the rating of TBANK’s holding company, Thanachart Capital (TCAP), to “A+”, from “A” and its national short-term rating to “F1+” from “F1”.
The outlook is stable.
At the same time, Fitch upgraded TMB’s Basel III Tier 2 subordinated notes to “A+” from “A”, and the viability rating of United Overseas Bank (Thai) Public Company Limited to “BBB-” from “BB+”.
