Bangkok--5 Oct--Moody's Investors
Moody's Investors Service has withdrawn Double A (1991) Public Co. Ltd's B3 corporate family and senior unsecured bond ratings. The withdrawal follows the company's early redemption of its 2012 notes. For details please refer to Moody's Withdrawal Policy on www.moodys.com.
The principal methodology used in rating Advance Agro is Moody's 'Global Paper & Forest Products Industry' methodology, published in September 2009 and available on www.moodys.com in the Rating Methodologies sub-directory under the Research & Ratings tab.
The last rating action with regard to the company was taken on 13 April, 2010, when the rating outlook was changed to stable from negative.
Established in 1989, Double A (1991) Public Co. Ltd, formally Advance Agro Public Co Ltd, is a Thailand-based integrated producer and distributor of pulp, printing paper and writing paper. The company operates three paper mills, including its original mill in Lamkao Jun and two pulp mills. Following a purchase offer for the company's shares by a director and shareholder at end-2007, it de-listed from the Stock Exchange of Thailand in April, 2008.
Hong Kong
Ken Chan
Vice President - Senior Analyst
Corporate Finance Group
Moody's Investors Service Hong Kong Ltd.
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SUBSCRIBERS: (852) 3551-3077
Hong Kong
Gary Lau
MD - Corporate Finance
Corporate Finance Group
Moody's Investors Service Hong Kong Ltd.
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077
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