Fitch rates Asia Plus notes A(tha)

Fitch Ratings said it assigned an A(tha) national long-term rating to Asia Plus Group Holding PCL's upcoming issue of up to Thai baht 500 million of senior unsecured notes with a maturity of two years.

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

The company plans to use the proceeds for working capital.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.