Fitch: Bangkok Commercial Asset view now stable

Fitch Ratings said it revised its outlook for Bangkok Commercial Asset Management plc to stable from negative.

“The outlook revision was based on Fitch's re-assessment on the timing of BAM's privatization. There is still insufficient evidence that privatization could occur in the short term, in Fitch's view,” the agency said in a press release.

Fitch said it still sees privatization going forward in the medium term.

The agency affirmed the ratings at AA-(tha) for the company and its senior bonds.

© 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.