Fitch rates SCB X notes AA+

Fitch Ratings said it rated SCB X PCL’s upcoming sale of up to Thai baht 40 billion AA+(tha). It will sell the notes in multiple tranches.

The rating is at the same level as the issuer rating, Fitch said.

SCB plans to use the proceeds for debt repayments, lending to the group's subsidiaries, investments and general corporate purposes.

The outlook is stable.

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