Fitch rates Asia Sermkij notes A(tha)

Fitch Ratings said it assigned an A(tha) national long-term rating to Asia Sermkij Leasing PCL's (ASK) upcoming issue of Thai baht senior unsecured notes.

“The notes are rated at the same level as ASK's national long-term rating, as they represent the company's unsubordinated and unsecured obligations and rank equally with its other similar obligations,” the agency said in a press release.

The notes will be issued under the 2024 medium-term note program and the proceeds will be used for debt repayment and working capital.

The outlook is stable.

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