BANGALORE (Thomson Financial) - Fitch Ratings (Thailand) Ltd said it has
affirmed PTT Public Company Ltd's national long-term rating at 'AA+(tha)' and
short-term rating at 'F1+(tha)', with a stable outlook.
The ratings agency also affirmed the national long-term rating on PTT's
outstanding senior unsecured and unsubordinated debentures amounting to 88.2 bln
thb at 'AA+(tha)'.
Fitch said the ratings continue to reflect PTT's dominance in Thailand's gas
and oil business, the company's majority state ownership and strong support,
good management track record and its solid and stable cash flow generating
capability.
The ratings agency said the stable outlook reflects Fitch's expectation that
PTT will maintain its strong market position, particularly in the gas business,
and its financial profile will be kept consistent with current ratings through
the industry cycle.
TFN.newsdesk@thomson.com
bsu/alo/ukn
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