TRIS Rating Affirms Company & Senior Unsecured Debt Ratings on "MPSC" at "A
TRIS Rating affirms the company rating on Mitr Phol Sugar Corporation Ltd. (MPSC) and the ratings on MPSC?s senior unsecured debentures at ?A+? with a ?negative? rating outlook. The outlook reflects our concerns that MPSC?s operation will continue to be materially affected by sugarcane supply shortages in 2021 as a result of the prolonged drought and shrinking plantation area in Thailand. Sugar prices will likely be pressured by higher Brazilian sugar output and several uncertainties following the Coronavirus Disease 2019 (COVID-19) pandemic. Nevertheless, the ratings continue to reflect MPSC...