S&P rates GC Treasury notes BBB

S&P said it assigned its BBB long-term issue rating to GC Treasury Center Co. Ltd.'s proposed senior unsecured notes. The notes will be drawn down from the company's $2 billion multi-currency global medium-term note program, rated BBB, which was upsized from $556 million.

GCTC is a wholly owned finance subsidiary of PTT Global Chemical PCL., rated BBB, which guarantees the program and the notes.

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