Fitch gives Siam Cement debentures A+

Fitch Ratings said it assigned an A+ (tha) rating to Siam Cement PCL’s Thai baht 10 billion unsecured and unsubordinated debentures no. 2/2562 due 2023.

Proceeds will be used to refinance maturing debentures.

The notes are rated at the company’s level because direct, unsecured, unconditional and unsubordinated obligations of Siam, the agency said.

The outlook is stable.

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