Bangkok--21 May--Fitch Ratings
Fitch Ratings (Thailand) says the 'AAA(tha)' National Long-Term Rating on ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures will not be affected by a change in the issue size.
The size of the debenture issue will be increased to THB8 billion from the previous upper bound of THB6 billion.
For more information, see Fitch Rates ICBCTL's Senior Notes 'AAA(tha), dated 21 March 2019.
The increase does not affect any of the company's issue ratings, which are as follows:
National Long-Term Rating on bonds guaranteed by parent, Industrial and Commercial Bank of China (Thai) Public Company Limited (AAA(tha)/Stable) of 'AAA(tha)'; Outlook Stable
National Long-Term Rating on senior unsecured bonds of 'AAA(tha)'
National Ratings on senior unsecured medium-term note programme of 'AAA(tha)'/'F1+(tha)'