Fitch gives PTT Global debentures AA+(tha)

Fitch Ratings said it assigned an AA+(tha) national long-term rating to PTT Global Chemical PCL’s (AA+(tha)/stable) new senior debentures.

The debentures have a five-year tenor and will total up to Thai baht 10 billion.

The debentures are rated at the same level as the company’s national long-term rating as they represent its senior unsecured obligations, Fitch said.

Proceeds will be used as working capital, to refinance existing debt and to fund capex.

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