Ratings of UFIC’s Debentures Withdrawn Due to Early Redemption

ข่าวหุ้น-การเงิน Friday January 4, 2008 16:32 —PRESS RELEASE LOCAL

Bangkok--4 Jan--TRIS Rating TRIS Rating Co., Ltd. has withdrawn the “BBB+” ratings it assigned to the senior secured debentures of United Farmer & Industry Co., Ltd. (UFIC). TRIS Rating announced that the withdrawal of the issue ratings of UFIC came at the request of the company because of the early redemption of its debentures with a full repayment. The early redeemed debentures (UFIC08NA and UFIC09OA) were issued in November 2004 with initial maturities due in November 2008 and October 2009, respectively. At the same time, TRIS Rating said that the “BBB+” company rating of UFIC, a sugar producer under the Mitr Phol Group, remains unchanged while the rating outlook is “stable”. United Farmer & Industry Co., Ltd. (UFIC) Company Rating: BBB+ Rating Outlook: Stable Copyright 2008, TRIS Rating Co., Ltd. All rights reserved. Any unauthorized use, disclosure, copying, republication, further transmission, dissemination, redistribution or storing for subsequent use for any purpose, in whole or in part, in any form or manner or by any means whatsoever, by any person, of the credit rating reports or information is prohibited. The credit rating is not a statement of fact or a recommendation to buy, sell or hold any debt instruments. It is an expression of opinion regarding credit risks for that instrument or particular company. The opinion expressed in the credit rating does not represent investment or other advice and should therefore not be construed as such. Any rating and information contained in any report written or published by TRIS Rating has been prepared without taking into account any recipient’s particular financial needs, circumstances, knowledge and objectives. Therefore, a recipient should assess the appropriateness of such information before making an investment decision based on this information. Information used for the rating has been obtained by TRIS Rating from the company and other sources believed to be reliable. Therefore, TRIS Rating does not guarantee the accuracy, adequacy, or completeness of any such information and will accept no liability for any loss or damage arising from any inaccuracy, inadequacy or incompleteness. Also, TRIS Rating is not responsible for any errors or omissions, the result obtained from, or any actions taken in reliance upon such information.

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