| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for Noble Group Ltd. > News item |
Fitch rates Noble bonds AAA(tha)
Fitch Ratings (Thailand) Ltd. said it assigned Noble Group Ltd.'s Thai baht 2.85 billion guaranteed bonds due 2016 a final national long-term rating of AAA(tha).
The bonds, which are guaranteed by Credit Guarantee and Investment Facility (CGIF), have a stable outlook.
Fitch said the rating reflects the unconditional and irrevocable guarantee of scheduled payments of interest and principal provided by CGIF.
In Fitch's view, CGIF's credit profile is stronger than Thailand's long-term local currency issuer default rating of A-, which is equivalent to AAA(tha) on the national rating scale.
The bonds are therefore rated at AAA(tha), the agency said.
© 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.