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Easy Buy given 'AA+' Fitch rating

Jun 14. 2019
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By The Nation

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Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to Easy Buy Public Company Limited's (EB; AA+(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to three years.

The bonds are rated at the same level as EB's National Long-Term Rating as they represent the company's unsubordinated and unsecured obligations.

EB's ratings are driven by Fitch's view that it is a strategically important subsidiary of Japan-based ACOM CO., LTD. (A-/Stable). ACOM owns 71 per cent of EB and there is a high level of management and operational integration between EB and its parent. Furthermore, EB has strong synergies with ACOM and plays a key role in the parent's regional strategy.

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