Bangkok--22 May--Fitch Ratings
Fitch Ratings (Thailand) Limited has confirmed the National Long-Term Rating on ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures at 'AAA(tha)' following a change in issue size.
The size of the debenture issue has increased to THB5.5 billion from the previous upper-bound THB5 billion. The debentures will be offered in tranches with a tenor of up to five years.
For more information, please see Fitch Rates ICBCTL's Senior Debentures and Short-Term Programme, dated 22 March 2017.
The confirmation does not affect any of the company's ratings, which are as follows:
National Long-Term Rating 'AAA(tha)'; Outlook Stable
National Short-Term Rating 'F1+(tha)'
National Long-Term Rating on bonds guaranteed by parent, Industrial and Commercial Bank of China (Thai) Public Company Limited (AAA(tha)/Stable), 'AAA(tha)'; Outlook Stable
National Long-Term Rating on senior unsecured bonds (outstanding notes) 'AAA(tha)'
National Short-Term Rating on unsecured unsubordinated debenture programme (existing programme) 'F1+(tha)'