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Fitch revises KTBST Securities view to stable
Fitch Ratings (Thailand) said it revised the outlook on KTBST Securities PCL to stable from negative and affirmed its national long-term rating at BB(tha) and national short-term rating at B(tha).
“The outlook revision is based on KTBSTSEC's financial performance, which was resilient in 2020 despite the economic disruptions since the start of the coronavirus pandemic in Thailand,” Fitch said in a news release.
The outlook revision also reflects Fitch's expectation of reduced risks to the operating environment for Thailand's securities companies in light of Fitch’s forecast for a recovery in economic activity in 2021 and 2022.
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