S&P affirms Thai Oil

Standard & Poor’s said it affirmed its BBB long-term corporate credit rating on Thai Oil PCL and affirmed the axA long-term Asean regional scale rating on the company and the BBB long-term issue rating on Thai Oil’s senior unsecured notes.

“We affirmed the ratings based on our opinion that Thai Oil will remain a highly strategic member of the PTT group,” S&P said in a news release.

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