TRIS affirms Muangthai Capital ratings at ‘BBB+’
TRIS Rating on Monday affirmed the company rating on Muangthai Capital and the rating on its outstanding senior unsecured debentures at “BBB+”.
The same rating has also been assigned to the listed company’s proposed issuance of up to Bt5 billion in senior unsecured debentures, the proceeds from which will be used for debt refinancing and loan-portfolio expansion.
The ratings reflect Muangthai Capital’s sustainable track record as a market leader in its core secured personal-loan products, consistently strong profitability, well-controlled asset quality, more diversified funding sources, and adequate liquidity, TRIS explained.
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