Fitch affirms EXIM

Fitch Ratings said it affirmed Export-Import Bank of Thailand's long-term foreign-currency issuer default rating at BBB+ with a negative outlook, short-term foreign-currency issuer default rating at F2, national long-term rating at AAA(tha) with a stable outlook, national short-term rating at F1+(tha), support rating at 2, support rating floor at BBB+ and outstanding senior unsecured bonds at AAA(tha).

The outlook of the international ratings was revised to negative in December following a revision in Thailand's sovereign ratings based on the prolonged political crisis and worsening global economic outlook, the agency said.

Ratings are linked to Thailand's sovereign ratings as EXIM is the principal policy bank for the Ministry of Finance in supporting and promoting Thai exporters and investors for national development, the agency said.

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