Moody’s affirms PTT at Baa1

Moody's Investors Service said it affirmed PTT PCL’s Baa1 issuer and senior unsecured ratings, along with its baseline credit assessment of baa2.

The outlook remains stable.

"The affirmation of PTT's Baa1 ratings reflects its strong credit metrics, solid liquidity profile and healthy cash flow generation, even after taking into account its proposed $4.3 billion debt-funded acquisition of Glow Energy Public Company Limited, a power company based in Thailand," Moody's assistant vice president and analyst Rachel Chua said in a news release.

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