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Prospect News home > News index > List of issuers M > Headlines for Mitsubishi Motors (Thailand) Co. Ltd. > News item
Published on 8/29/2006 in the Prospect News Emerging Markets Daily.

Fitch upgrades Mitsubishi Motors (Thailand) notes to AAA(tha)

Fitch Ratings (Thailand) Ltd. said it upgraded Mitsubishi Motors (Thailand) Co. Ltd.'s 5 billion Thai baht guaranteed debentures due 2008 and 2 billion Thai baht guaranteed debentures due 2009 to AAA(tha) from AA+(tha).

The outlook is stable.

The upgrade follows the recent upgrade of Bank of Tokyo Mitsubishi UFJ's long-term foreign-currency issuer default rating to A from A-. Fitch said the ratings are based entirely on a full, irrevocable and unconditional guarantee by Bank of Tokyo Mitsubishi.


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