Fitch affirms PTT Global Chemical credit ratings
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Fitch Ratings (Thailand) has affirmed PTT Global Chemical’s national long-term rating at ‘AA(tha)’, national short-term rating at ‘F1+(tha)’ and national long-term senior unsecured rating at ‘AA(tha)’.
The listed firm’s credit-rating outlook is ‘stable’, Fitch said on Monday.
The affirmation reflects PTT Global Chemical’s strong business profile, as the largest fully integrated petrochemical and refining company in Thailand.
However, its rating headroom has reduced due to high committed capital expenditure over the medium term that will weaken the financial profile, Fitch added.
