Fitch rates DAOL Securities BB

Fitch Ratings said it assigned DAOL Securities (Thailand) PCL's upcoming subordinated unsecured debentures a BB(tha) national long-term rating of The debentures will have a maturity of one year and six months.

The rating is a notch below DAOL’s national long-term rating reflecting the higher loss risk relative to senior unsecured debt, the agency said.

The company plans to use the proceeds to refinance subordinated debentures.

The outlook is stable.

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