Fitch affirms Finansa

Fitch Ratings said it has affirmed Finansa Public Co. Ltd.'s national long-term rating at BBB(tha) with a stable outlook, and its national short-term rating at F3(tha).

The agency said that the company's ratings reflect its financial holding company structure and adequate capital and liquidity positions.

However, they also take into account the lack of a strong institutional shareholder and Finansa's high dependence on volatile earnings from its securities brokerage, investments and trading, Fitch noted.

© 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.