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 reflect sustained improvements in profitability, asset quality and reserves, Fitch said, as well as its ability to preserve its strong capital and liquidity position.

The ratings also take into account its solid deposit and business franchise, the agency said.

Fitch said it believes that the bank's financial position is strong enough to absorb a severe credit stress.

© 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.