Fitch rates Advanced Wireless issue AA+(tha)

Fitch Ratings said it assigned a national long-term rating of AA+(tha) to Advanced Wireless Network Co. Ltd.'s 9 billion in Thai baht senior unsecured debentures due in 2027.

The proceeds will be used to refinance maturing debt, fund capital expenditure and for investment, Fitch said.

The debentures are rated at the same level as Advanced Wireless's national long-term rating as they constitute its direct, unsecured, unconditional and unsubordinated obligations, the agency said.

The ratings also are equalized with the ratings of its parent, Advanced Info Service PCL, reflecting the strong links between the two companies, Fitch said.

The agency also said it expects price competition in the Thai telecom sector to stabilize in the second half of 2017 and 2018.

© 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.