Fitch: positive view for Bangkok Aviation

Fitch Ratings said it affirmed Bangkok Aviation Fuel Services plc's national long-term rating at A-(tha) and national short-term rating at F2(tha).

The outlook has been revised to positive from stable.

The positive outlook is based on expectations that the company's strong earnings, cash flow and moderate capital expenditure plan will result in continued improvement in financial leverage to below 2x within the next 12 months, the agency said.

This is amidst signs of demand recovery, the agency said, though still weak operating environment.

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