Page 48 - Silom Complex Building News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TRIS Rating affirms the company rating on Nam Ngum 2 Power Co., Ltd. (NN2PC) and the ratings on its outstanding senior unsecured debentures at ?A? with a ?stable? outlook. The ratings reflect the company?s well-built contractual framework and reliable cash flows received from a long-term power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT; rated ?AAA? with a ?stable? outlook by TRIS Rating). The ratings also recognize NN2PC?s track record of efficient plant operation and adequate liquidity. However, the ratings are constrained by the uncertain water flo...

TRIS Rating affirms the company rating on Asian Sea Corporation PLC (ASIAN) at "BBB " with a

TRIS Rating affirms the company rating on Raja Ferry Port PLC (RP) at ?BB+?. At the same time, TRIS Rating revises the rating outlook to ?negative?, from ?stable?. The outlook revision reflects our expectation that RP?s operating performance and financial strength will deteriorate materially from the impact of the Coronavirus Disease 2019 (COVID-19) on tourism and economic activities in Koh Samui and Koh Phangan. In addition, we expect RP?s leverage to rise significantly as a result of its fleet maintenance and renewal plan. The rating continues to reflect RP?s established business position i...

TRIS Rating downgrades the company rating on Padaeng Industry PLC (PDI) to ?BB? from ?BBB-?, while maintaining the ?negative? rating outlook. The rating downgrade reflects our expectation of PDI?s weakened business risk profile and the expected material rise in its debt level following its planned acquisition of two brand-new luxury hotels. Given the resolutions of the recent shareholders? meeting, we expect PDI will be shifting entirely away from its existing power business which has been a stable source of revenue. PDI will move into the hospitality industry, focusing on the hotel business....

TRIS Rating assigns the company rating of "BBB+" to R&B Food Supply PLC (RBF) with a "stable"