Bangkok--20 Nov--Fitch Ratings
Fitch Ratings (Thailand) Limited has today assigned Thailand-based PTT Chemical Public Company Limited (PTTCH) a National Long-term rating of 'A+(tha)' to its new issuance of senior unsecured debentures of up to THB12bn, from THB10bn. This rating action commentary updates the same published by the agency on 5 November 2008.
Contacts: Lertchai Kochareonrattanakul, Wasant Polcharoen, Vincent Milton; Bangkok, Tel: +662 655 4755.
Note to Editors: Fitch's National ratings provide a relative measure of creditworthiness for rated entities in countries with sub- or low-investment grade international sovereign ratings. The best risk within a country is rated 'AAA' and other credits are rated only relative to this risk. National ratings are designed for use mainly by local investors in local markets and are signified by the addition of an identifier for the country concerned, such as 'AAA(tha)' for National ratings in Thailand. Specific letter grades are not therefore internationally comparable.
Media Relations: Shivani Sundralingam, Singapore, Tel: + 65 6796 7215, Email: [email protected].
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