Fitch ups TMB Bank to F1+(tha)

Fitch Ratings said it upgraded TMB Bank PCL’s (TMB) national short-term rating to F1+(tha) from F1(tha) and affirmed the long-term issuer default rating.

The agency also affirmed the long-term issuer default rating of Bank of Ayudhya PCL, as well as the national long-term ratings of Thanachart Bank PCL and Thanachart Capital PCL.

All outlooks are on stable.

Fitch said TMB's issuer default ratings, national ratings and senior debt ratings reflect its standalone strength, as indicated by its viability rating. The upgrade in TMB's national short-term rating to F1+(tha) was driven by the bank's liquidity and funding profile, which the agency said it now views as being commensurate with similarly rated domestic peers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.