Fitch rates IRPC notes A-(tha)

Fitch Ratings said it rated IRPC PCL’s planned Thai baht 1 billion of senior unsecured debentures due 2027 A-(tha).

“The proposed debentures are rated at the same level IRPC's national long-term rating, as they will constitute its direct, unsecured, unconditional and unsubordinated obligations. IRPC's ratings continue to benefit from a two notch-uplift from its stand-alone profile, reflecting our assessment of likelihood of support from its parent, PTT PCL (AAA(tha)/stable),” Fitch said in a press release.

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