Fitch affirms Thai banks

Fitch Ratings said it affirmed the support ratings of Bank for Agriculture and Agricultural Cooperatives, Government Housing Bank and Government Savings Bank at 2; all three are wholly state-owned.

Given these banks' government ownership and public policy roles, Fitch said it believes there is a high probability that state support would be forthcoming, if necessary.

Any change in the level of government ownership or support could affect the support ratings of these banks, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.