Fitch rates EXIM notes BBB+

Fitch Ratings said it assigned an expected rating of BBB+ to Export-Import Bank of Thailand's (EXIM, BBB+/stable) five-year senior notes.

The notes will be issued under the bank's $1.5 billion medium-term note program.

Fitch said it rates the proposed senior notes at the same level as EXIM's long-term foreign-currency issuer default rating of BBB+, as they will constitute the bank's unsecured and unsubordinated obligations.

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