Fitch: PTT view to negative

Fitch Ratings said it revised the outlook on PTT plc's long-term local-currency issuer default rating to negative from stable and affirmed the rating at A-, along with its long-term foreign-currency issuer default rating at BBB, short-term foreign-currency issuer default rating at F3, national long-term rating at AAA(tha) and national short-term rating at F1+(tha).

The outlook revision was triggered by the outlook change on the Kingdom of Thailand's sovereign long-term local-currency issuer default rating to negative from stable, Fitch said.

Although PTT's long-term local-currency issuer default rating reflects its standalone status, the agency said the rating is constrained by Thailand's sovereign long-term local-currency issuer default rating.

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