Fitch rates Phatra Securities A-(tha)

Fitch Ratings said it assigned Phatra Securities plc a national long-term rating of A-(tha) and national short-term rating of F2(tha).

The outlook is stable.

The ratings reflect Phatra's strong investment banking and brokerage franchise for institutions and high net worth clients as well as its solid capital, high liquidity and debt free position, Fitch said.

The outlook is stable given strong capital and liquidity positions and despite weak market conditions, the agency said. Downside risks could stem from prolonged weakness in capital market conditions, Fitch added.

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