Fitch affirms Bangkok Bank

Fitch Ratings said it affirmed Bangkok Bank plc's long-term foreign-currency issuer default rating at BBB+, short-term foreign-currency rating at F2, national long-term rating at AA(tha), national short-term rating at F1+(tha), national subordinated debt rating at AA-(tha) and subordinated debt rating at BBB.

The outlook is stable.

The ratings reflect the gradually improving profitability and asset quality of the bank, as well as its solid capital and liquidity positions, Fitch said.

It also benefits from an exposure to stronger regional economies, the agency said.

A further significant decline in impaired and restructured loans and a sustained improvement in profitability would be positive for the bank's credit profile, Fitch added.

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