Fitch gives Deutsche Bank Bangkok notes F1+

Fitch Ratings said it assigned a national short-term F1+(tha) rating to the upcoming Thai baht 500 million issue of three-month THBFIX notes to be issued by Deutsche Bank AG's Bangkok Branch.

The agency noted the rating reflects the bank's strong international ratings of AA-/F1+ with a stable outlook, which are two notches above Thailand's sovereign international local currency rating of A with stable outlook.

Consequently, the short-term national rating of F1+(tha) for the notes is the same as the Thai sovereign, the agency said.

Fitch noted the bank's ratings are underpinned by its sophisticated credit risk management and good capitalization.

© 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.