Bangkok--25 Jul--Fitch Ratings
Fitch Ratings (Thailand) Limited has withdrawn the ratings of GMM Grammy Public Company Limited (GMM). Prior to the withdrawal, GMM's National Long-Term Rating had been 'BBB+(tha)' with a Stable Outlook, and the National Short-Term Rating 'F2(tha)'.
Fitch is withdrawing the ratings as GMM has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for GMM.