Moody's affirms Bangkok Bank

Moody's Investors Service said it affirmed Bangkok Bank PCL's Baa1 long-term foreign-currency deposit rating and A3 foreign-currency senior debt ratings, along with its prime-2 short-term deposit and debt ratings and Baa1 subordinate debt rating.

The outlook is stable.

The ratings reflect the bank's track record of a solid financial performance and an expectation that its financial indicators will remain satisfactory in the medium term, Moody's said.

The ratings also demonstrate its resilience to Thailand's political uncertainties and the global financial crisis over the past five years, highlighting the sustainability of its business model, the agency said.

Its sound financial metrics, including an adequate capital cushion and improving profitability metrics, also enhance its ratings, Moody's said.

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