Fitch rates Siam Cement debentures A+(tha)

Fitch Ratings said it assigned Siam Cement PCL's 15 billion baht unsecured and unsubordinated debentures due 2025 a national long-term rating of A+(tha).

“The proposed notes are rated at the same level as SCC's national long-term rating as they constitute direct, unsecured, unconditional and unsubordinated obligations of the company, and because SCC has limited secured and prior-ranking debt,” the agency said in a news release.

Siam will use the proceeds to refinance maturing debentures.

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