Fitch rates EXIM Thailand notes BBB+

Fitch Ratings said it assigned Export-Import Bank of Thailand's planned five-year senior unsecured notes an expected BBB+ rating. The notes will be issued under the bank's updated $3 billion medium-term note program.

“Fitch rates the proposed senior unsecured notes at the same level as EXIM's long-term foreign-currency issuer default rating (IDR), as they will constitute the bank's unsecured and unsubordinated obligations,” the agency said in a press release.

EXIM will use the proceeds for general corporate purposes.

The outlook is stable.

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