FRIDAY, March 29, 2024
nationthailand

AA+ rating for to PTT Global Chemical’s senior unsecured debentures

AA+ rating for to PTT Global Chemical’s senior unsecured debentures

Fitch Ratings (Thailand) has assigned a 'AA+(tha)' National Long-Term Rating to PTT Global Chemical Plc's (PTTGC, AA+(tha)/Stable) new senior unsecured debentures. The debentures have a five-year tenure and will total up to Bt10 billion.

The debentures are rated at the same level as PTTGC's National Long-Term Rating as they represent its senior unsecured obligations. Proceeds will be used as working capital, to refinance existing debt and to fund capex.

 

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