Fitch puts ratings of BTS Group and BTSC on rating watch negative status
Fitch Ratings (Thailand) has placed the “A(tha)” national long-term ratings of BTS Group Holdings and Bangkok Mass Transit System (BTSC) on rating watch negative
.
The move follows BTS Group’s announcement of its investment in Bangkok's new urban rail projects.
On June 16, BTS Group signed the concession contracts - via its 75 per cent stake in BSR Joint Venture - for the MRT Pink Line project and the MRT Yellow Line project, with the Mass Rapid Transit Authority of Thailand at an estimated total project cost of about Bt96 billion.
