Fitch acts on Thai banks

Fitch Ratings said it revised the outlook on the long-term foreign-currency issuer default ratings of Export-Import Bank of Thailand (EXIM), Islamic Bank of Thailand and Krung Thai Bank PCL to positive from stable.

At the same time, Fitch affirmed the long-term foreign-currency issuer default ratings, support ratings, and support rating floors of the banks.

Fitch also upgraded the short-term issuer default rating of EXIM to F1 from F2 and removed the rating from under criteria observation.

Other ratings for the banks are not affected.

The agency said the outlook revision follows Fitch's revision of the outlook on Thailand's long-term foreign-currency issuer default rating to positive from stable on July 18.

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