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Prospect News home > News index > List of issuers T > Headlines for Thai Oil PCL > News item
Published on 6/26/2006 in the Prospect News Emerging Markets Daily.

S&P affirms Thai Oil

Standard & Poor's said it affirmed its BBB corporate credit rating on Thai Oil Public Co. Ltd.

The outlook is stable.

At the same time, S&P said it affirmed its BBB issue rating on Thai Oil's senior unsecured bonds of $350 million.

The agency said that the rating on Thai Oil reflects its strengthening financial profile, as the company used its strong operating cash flows to reduce borrowings.


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