Fitch rates Krung Thai Bank debentures AA-(tha)

Fitch Ratings (Thailand) assigned a national long-term rating of AA-(tha) to Krung Thai Bank plc's subordinated debentures of up to Thai baht 15 billion with a maturity of 10 years. The outlook is stable.

At the same time, Fitch affirmed the bank's national long-term senior debt rating at AA(tha) and short-term at F1+(tha).

Fitch said the ratings reflect the improvement in its financial position, although challenges in re-establishing a viable business, reforming its organization and aggressive loan growth continue to constrain the ratings.

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