Fitch turns Risland bond view to negative

Fitch Ratings said it revised the outlook on Risland (Thailand) Co. Ltd.'s guaranteed debentures to negative from stable, and affirmed the national long-term ratings on the outstanding debentures at AA(tha). The debentures are guaranteed by Country Garden Holdings Co. Ltd.

“The rating action on RLT's outstanding debentures follows the April 4, 2022, revision of the outlook on guarantor CGH's long-term foreign-currency issuer default rating (IDR) to negative from stable, and affirmation of the IDR at BBB-. A one-notch downgrade of CGH's long-term IDR could result in a multiple-notch downgrade to the national long-term ratings on RLT's guaranteed debentures,” Fitch said in a press release.

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