Moody's gives Global Chemical notes Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured rating to the proposed dollar-denominated notes to be issued by GC Treasury Center Co. Ltd. (GCTC), a wholly-owned subsidiary of PTT Global Chemical PCL, which will guarantee the notes. The notes will be issued under their global medium-term note program, which is rated (P)Baa2.

Pttgc will use the proceeds for general corporate purposes, including to repay the shareholder loans owed to its parent, PTT PCL.

The outlook is stable.

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