Fitch revises AEON Thana view to stable

Fitch Ratings said it AEON Thana Sinsap (Thailand) PCL’s outlook to stable from negative and affirmed the national long-term rating at A-(tha). The agency also affirmed the company’s senior debt ratings at A-(tha).

“The revision to stable reflects Aeonts’ recent sound financial performance. The likelihood of severe adverse scenarios has receded, although risks remain. Domestic activity has been gradually recovering since 2Q20 after the coronavirus pandemic’s significantly negative economic impact on Thailand, with GDP contracting by 6.1% in 2020. Fitch expects economic growth of 3.7% in 2021, which should support the local labor market and household borrowings,” the agency said in a press release.

© 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.