S&P: Kasikornbank notes BBB+

S&P said it assigned a BBB+ long-term issue rating to a proposed issue of dollar-denominated senior unsecured notes by Kasikornbank PCL.

The bank is issuing the notes through its Hong Kong branch and under the bank's $2.5 billion euro medium-term notes program.

The ratings on these notes reflect the long-term counterparty credit rating on the bank.

The notes will constitute direct, unconditional, unsecured and unsubordinated obligations and rank equally with all other unsecured obligations of the bank, except for statutorily preferred obligations, S&P explained.

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