Fitch affirms Bangkok Bank

Fitch Ratings said it affirmed Bangkok Bank PCL's long-term foreign-currency issuer default rating at BBB+.

The outlook is stable.

The ratings are based on its strong domestic and regional franchise, resilient profitability, solid reserves and capital levels and strong deposit base, although non-performing loans remain higher than its regional peers, Fitch said.

Despite the weak operating environment and political turmoil over the past two years, the company's profitability has been stable, the agency said.

© 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.