Moody’s reviews Thai Oil, PTT Global, IRPC

Moody's Investors Service said it placed all ratings of Thai Oil PCL, PTT Global Chemical PCL and IRPC PCL on review for downgrade.

The review follows the review for downgrade on the ratings of parent, PTT PCL initiated on Jan. 22.

The review will primarily focus on the assessment of implications on parental support for the three companies on the back of a deterioration of the parent's credit strength. The review will conclude following the completion of review on PTT by the end of the first quarter. A downgrade of PTT's ratings would likely result in a similar rating action on the ratings of Thai Oil, PTT Global and IRPC.

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