Fitch rates TMBThanachart notes A(tha)

Fitch Ratings said it assigned TMBThanachart Bank PCL's upcoming Thai baht-denominated Basel III-compliant tier 2 subordinated unsecured note an A(tha) rating.

“The anchor rating for the Basel III tier 2 notes is based on TTB's stand-alone credit profile, which is in line with the baseline approach in our criteria and reflects our view that government support will likely not extend to subordinated notes,” Fitch said in a press release.

The outlook is stable.

© 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.