Friday, November 22, 2019

DTN rating set at 'AA'

Jun 07. 2019
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By The Nation

3,193 Viewed

Thai Rating and Information Services (TRIS) has affirmed the company rating on dtac TriNet (DTN) and the ratings on DTN’s outstanding senior unsecured debentures at “AA”.

At the same time, TRIS also assigned the rating of “AA” to DTN’s proposed issue of up to Bt5 billion in senior unsecured debentures. 

The company will use the proceeds from the debenture issuance to refinance existing debts, make investments, and/or fund its working capital needs.

The ratings reflect DTN’s strategic importance as a core subsidiary of Total Access Communication PLC (DTAC; rated “AA/Stable” by TRIS Rating), the third-largest mobile phone service provider in Thailand.

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