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Fitch affirms ESSO
Fitch Ratings said it affirmed ESSO (Thailand) PCL's up to 12 billion in Thai baht bills of exchange revolving program at F1(tha). Under the program, the maturity of each series will not exceed 270 days.
The rating reflects its relatively complex refinery capacity, competitive raw material acquisition, cost competitiveness and established brand name, Fitch said.
The rating also considers operational and financial support from the company's ultimate parent, Exxon Mobil Corp., the agency said.
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