Fitch affirms Export-Import Bank of Thailand

Fitch Ratings said it affirmed Export-Import Bank of Thailand's long-term foreign-currency issuer default rating at BBB, short-term foreign-currency issuer default rating at F3, national long-term rating at AAA(tha), national short-term rating at F1+(tha) and senior unsecured debt at AAA(tha).

The outlook is stable.

The bank's ratings correlate with the sovereign ratings given the full ownership and control by the Ministry of Finance, partial debt guarantee provisions and its policy role as Thailand's principal export credit agency, Fitch said.

The agency said it believes there is a high probability that state support would be forthcoming, if necessary.

The ratings are constrained by the sovereign's long-term foreign-currency issuer default rating, Fitch said.

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