Fitch rates SCBX notes AA+(tha)

Fitch Ratings said it assigned SCB X PCL's upcoming senior unsecured notes an AA+(tha) national long-term rating. The notes will be issued in multiple tranches with maturities of up to 10 years.

“SCBX's senior unsecured debt is rated at the same level as its national long-term rating, as the notes are direct, unsecured and senior obligations of the issuer,” Fitch said in a press release.

The proceeds will be used for debt repayment and general corporate purposes.

The outlook is stable.

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