Fitch ups Total Access

Fitch Ratings said it has upgraded Total Access Communication Public Co. Ltd.'s long-term foreign currency issuer default rating to BBB- from BB+, its national long-term rating to A+(tha) from A(tha) and its senior unsecured debenture rating to A+(tha) from A(tha).

At the same time, the agency said it has affirmed the company's national short-term rating at F1(tha).

The outlook is stable.

Fitch added that the rating upgrades reflect the company's further strengthened financial profile and, according to Fitch's parent-subsidiary methodology, the moderate support linkage to its parent, Telenor of Norway (rated BBB+/stable).

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