Fitch gives Thai Ex-Im notes BBB+

Fitch Ratings said it assigned Export-Import Bank of Thailand's planned $100 million of three-year senior unsecured notes an expected BBB+ rating of BBB.

The notes will be issued under the bank's $3 billion medium-term note program.

“The proposed senior unsecured notes are rated at the same level as EXIM's long-term issuer default rating (IDR), as they represent its unsubordinated and unsecured obligations. This is in line with our rating for the bank's existing senior U.S.-dollar notes and consistent with Fitch's bank rating criteria,” the agency said in a statement.

EXIM plans to use the proceeds for general corporate purposes.

The outlook is stable.

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