Fitch rates Krung Thai Bank debt AA(tha)

Fitch Ratings said it assigned national long-term ratings of AA(tha) to two tranches of Krung Thai Bank plc's subordinated unsecured debentures of up to 25 billion in Thai baht (with a green shoe option of an additional 3.0 billion in Thai baht), both due in 2018.

The ratings are underpinned by strong government ownership and support, as well as improving financial strength, Fitch said.

Given the bank's size and importance to the financial system and economy, as well as its majority state ownership and control, Fitch said it believes there is a high probability it would receive state support should the need arise.

© 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.