Fitch gives Asia Sermkij Leasing notes A

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

“The senior unsecured debentures are rated at the same level as ASK's national long-term rating, as they represent the company's unsecured and unsubordinated obligations,” Fitch said in a press release.

The company plans to use the proceeds for debt repayment and working capital.

The outlook is stable.

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