Fitch rates Easy Buy bonds AA+(tha)

Fitch Ratings said it assigned a national long-term rating of AA+(tha) to Easy Buy PCL’s upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to four years.

The bonds are rated at the same level as EB’s national long-term rating because they represent its unsubordinated and unsecured obligations, the agency said.

“EB’s ratings are driven by Fitch’s expectations of extraordinary support from its 71% Japanese owner, ACOM Co., Ltd. (A-/Negative). There is a consistent record of operational and financial support from the Japanese parent to the Thai subsidiary. EB’s earnings performance has been sound, and it plays an important role in the group’s regional strategy,” said Fitch in a news release.

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