Fitch affirms Advanced Info, Total Access

Fitch Ratings said it affirmed the ratings of Advanced Info Service plc and Total Access Communication following the proposed amendments to the Thailand's Foreign Business Act.

The agency said that the ratings are affirmed as follows: Advanced Info's national long-term rating at AA(tha) with a stable outlook and national short-term rating at F1+(tha), while Total Access' long-term foreign currency issuer default rating at BB+, national long-term rating at A(tha), national short-term rating at F1(tha) and its national senior unsecured rating at A(tha).

The outlook on Total Access' ratings is stable.

The agency noted that in the case of Advanced Info, with its current strong financial position and dominant market position, a partial divestment of Temasek Holdings would have minimal impact on Advanced Info's credit profile, Fitch said.

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