Fitch affirms Bangkok Bank

Fitch Ratings said it affirmed Bangkok Bank plc's foreign-currency issuer default rating at BBB+ with a stable outlook, along with its short-term foreign-currency rating at F2, individual rating at C, support rating at 2 and subordinated debt rating at BBB. The bank's support rating floor remains unchanged at BBB-.

Fitch also said it affirmed its national long-term rating at AA(tha) with stable outlook, national short-term rating at F1+(tha) and national subordinated debt rating at AA-(tha).

The affirmed ratings reflect continuous improvements in the bank's underlying profitability and asset quality, Fitch said, as well as its solid capital and liquidity positions.

The weakening operating environment could affect the bank's performance in 2007, the agency said, although this is not expected to be significant.

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