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Fitch: Easy Buy bonds AA+(tha)
Fitch Ratings said it assigned a national long-term rating of AA+(tha) to Easy Buy PCL's upcoming issue of senior unsecured bonds.
The issue will be up to 1 billion in Thai baht in size and the bonds will have a maturity of four years.
The proceeds from the issue will be used for working capital and refinancing, Fitch said.
The bonds are rated at the same level as Easy Buy's national long-term rating of AA+(tha), the agency said.
The ratings reflect a view that the company would benefit from extraordinary support, if required, from its parent, ACOM Co., Ltd., Fitch said.
The agency said it believes Easy Buy is a strategically important subsidiary of the parent.
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