Page 47 - Silom Complex Building News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TRIS Rating affirms the company rating on Samart Corporation PLC (SAMART) at ?BBB+?, with a ?stable? outlook. The rating reflects SAMART?s diverse lines of business and sources of income, as well as its acceptable competitive position in the information technology (IT) segment. The rating is partly offset by a slower-than-expected rise in revenue and profit in the digital trunk radio business, fluctuations in the IT trading/turnkey business segment, as well as a decrease in recurring revenue from air traffic control services in Cambodia that were affected by the Coronavirus Disease 2019 (COVI...

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...

TRIS Rating affirms the company rating on Grand Canal Land PLC (GLAND) at ?BBB? with a ?stable? outlook. The rating reflects the reliable income streams the company receives from contract-based rental and service income from office and retail space, and its small business scale with assets concentrated in one location. The rating is partly enhanced by the support GLAND receives from its major shareholder, Central Pattana PLC (CPN), rated ?AA/Stable? by TRIS Rating. KEY RATING CONSIDERATIONS Small and concentrated recurring income base GLAND?s property portfolio consists of office buildings an...

TRIS Rating affirms the company rating on Kiatnakin Phatra Bank PLC (KKP) at "A", the rating on KKP's senior

TRIS Rating affirms the company rating on Nawarat Patanakarn PLC (NWR) at ?BB+? with a ?stable? rating outlook. The rating reflects the company?s track record of undertaking a broad range of construction projects for the public and private sectors, its sizable backlog, as well as a promising outlook for public-sector construction work in the near-to-intermediate term. However, the rating is held back by the company?s weak profitability, and low cashflow protection against financial leverage. KEY RATING CONSIDERATIONS Track record in a broad range of works NWR is the sixth largest contractor l...