Fitch rates PTT Exploration notes BBB+

Fitch Ratings said it assigned a BBB+ rating to PTT Exploration and Production Public Co. Ltd.’s proposed dollar-denominated notes. The notes will be by its fully owned financing subsidiary, PTTEP Treasury Center Co. Ltd.

The notes are rated at the same level as PTTEP’s senior unsecured debt as they constitute direct, unconditional, unsubordinated and unsecured obligations.

The proceeds will be used for general corporate purposes.

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