Fitch rates ICBC Thai Leasing notes AAA(tha)

Fitch Ratings (Thailand) said it assigned a national long-term rating of AAA(tha) to ICBC (Thai) Leasing Co. Ltd.’s (AAA(tha)/stable/F1+(tha)) upcoming senior unsecured notes.

The notes will be issued under the issuer's medium-term note program, and the proceeds will be used for debt repayment and/or working capital.

The senior unsecured notes are rated at the same level as the company’s national long-term rating of AAA(tha) as they constitute the issuer's unsecured and unsubordinated obligations, Fitch said.

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