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Credit Ratings

Credit Ratings
S&P Global Ratings March 2020
Long-term BBB
Short-term A-2
Outlook Stable
Stand-alone credit profile (SACP) bb+

Moody’s Investors Services March 2020
Long-term Baa1
Short-term P-2
Outlook Stable (2)
Baseline Credit Assessment (BCA) baa3

Fitch Ratings March 2020
Foreign Currency Credit Ratings
Long-term BBB
Short-term F2
Outlook Stable
Viability Rating bbb-
National Credit Rating
Long-term AA+ (tha)
Short-term F1+ (tha)
Outlook Stable
US Dollar-denominated Senior Unsecured Debentures AA+(tha)
Subordinated Debt (THB) AA-(tha)(1)

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