Fitch trims Easy Buy to AA(tha)

Fitch Ratings said it downgraded Easy Buy PCL’s national long-term rating to AA(tha) from AA+(tha).

“EB’s ratings are driven by our expectations of institutional support from its Japan-based parent, ACOM Co., Ltd. (BBB+/Stable). The downgrade in EB’s rating is due to a similar rating action for the parent’s long-term issuer default rating (idr), which suggests a material reduction in ACOM’s ability to support the subsidiary,” said Fitch in a press release.

The outlook is stable.

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