TRIS assigns A- for Ratchthani's debentures
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TRIS Rating has assigned a “A-” rating to the proposed issue of up to Bt3.450 billion in senior unsecured debentures of Ratchthani Leasing (THANI) and has affirmed the company rating and the existing senior unsecured debenture ratings of THANI at “A-”. The outlook remains “stable”.
The new issue rating replaces the issue rating previously assigned on January 24 this year to a bond issue of up to Bt2.5 billion, following THANI’s request to increase the issue size to up to Bt3.450 billion. The proceeds from the new debentures will be used to refinance THANI’s outstanding debts and expand its loan portfolio.
