Fitch rates Siam Cement debentures A+(tha)

Fitch Ratings said it affirmed the national long-term rating and the senior unsecured rating of Siam Cement PCL at A+(tha).

The outlook is stable.

At the same time, the agency assigned the company's up to 10 billion baht senior unsecured debentures due 2022 a national long-term rating of A+(tha).

Proceeds from the issue will be used to refinance existing debt.

The notes are rated at the same level as the national long-term rating as they constitute the direct, unsecured, unconditional and unsubordinated obligations of the company, Fitch said.

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