Fitch rates Easy Buy bonds AA+(tha)

Fitch Ratings said it assigned a national long-term rating of AA+(tha) to Easy Buy pcl's (AA+(tha)/stable) upcoming issue of senior unsecured bonds.

The bonds will have a tenor of up to three years, and proceeds from the issuance will be used for working capital and debt refinancing.

“The bonds are rated at the same level as EB's national long-term rating of AA+(tha) as they represent the unsubordinated and unsecured obligations of the company,” the agency said in a news release.

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