Fitch affirms Siam City Cement

Fitch Ratings said it affirmed Siam City Cement PCL's national long-term rating at A(tha) and national short-term rating at F1(tha), along with its senior unsecured debentures at A(tha)

The outlook is stable.

The ratings reflect the company's strong market position and brand recognition as Thailand's second largest cement producer and sustainable market share in domestic cement sales of about 27% in the past several years, the agency said.

The ratings also consider its solid financial position which has, in the past few years, provided financial flexibility amid weakened cement demand and its continued high dividend payout, Fitch said.

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