INSURANCE BBL subsidiary Bualuang rated ‘AA/Stable’
TRIS Rating has affirmed the company rating on Bualuang Securities Plc (BLS) at “AA/Stable”.
BLS’s rating is enhanced from its stand-alone credit profile to reflect its status as a highly strategic subsidiary of Bangkok Bank PCL (BBL).
BLS’s stand-alone rating also takes into account the company’s well-diversified revenue mix, strong market position and profitability, limited exposure to market and credit risk, and sufficient funding and liquidity.
