Fitch affirms Cabei baht bonds

Fitch Ratings Thailand said it has affirmed Central American Bank for Economic Integration's national long-term rating of its Thai baht senior unsecured bonds as follows:

• THB 2.374 billion of senior unsecured bonds due 2017 at AAA(tha);

• THB 1 billion of senior unsecured bonds due 2014 at AAA(tha);

• THB 0.865 billion of senior unsecured bonds due 2016 at AAA(tha); and

• THB 1.235 billion of senior unsecured bonds due 2021 AAA(tha).

This follows the agency's recent upgrade of Cabei's long-term issuer default rating to A from A- and its short-term issuer default rating to F1 from F2. The outlook is stable, Fitch noted.

The agency said that the ratings of Cabei's senior unsecured bonds are based on the issuer's long-term foreign currency issuer default rating of A, which is higher than Thailand long-term local currency issuer default rating of A- and mapped to AAA(tha) on the national-rating scale.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.