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Fitch: CIMB Thai Bank program F1+(tha)
Fitch Ratings (Thailand) said it assigned a national short-term rating of F1+(tha) to CIMB Thai Bank PCL’s (AA(tha)/stable/F1+(tha)) short-term debenture program of 30 billion Thai baht.
This program replaced CIMB Thai Bank’s previous 34 billion Thai baht short-term debenture program, which expired on July 28, 2017. Debentures issued under the program will have a maturity of no more than 270 days, and can be issued in separate tranches until July 27, 2018.
Proceeds will be used for its liquidity management.
Fitch said the program is rated at the same level as CIMB Thai Bank’s national short-term rating of F1+(tha) as the issuance under the program will constitute direct unsubordinated and unsecured obligations of the bank.
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