Fitch: Bank of Ayudhya, Easy Buy views to negative

Fitch Ratings said it revised the outlooks on Bank of Ayudhya PCL and Easy Buy PCL to negative from stable.

The outlook revisions follow a similar outlook revision to the parent companies of Mitsubishi UFJ Financial Group, Inc., specifically the Bank of Tokyo-Mitsubishi UFJ Ltd. and ACOM Co., Ltd.

These companies received negative outlooks following the revision of the outlook on Japan to negative, Fitch said.

The agency also affirmed Bank of Ayudya’s long-term issuer default rating at A- and national long-term rating at AAA(tha).

Easy Buy’s national long-term rating also was affirmed at AA(tha), national short-term rating at F1+(tha) and national long-term rating on its senior unsecured bonds at AA(tha).

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