Page 49 - Silom Complex Building News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TRIS Rating affirms the company rating on WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust (WHART or ?trust?) and the issue ratings on WHART?s outstanding senior unsecured debentures at ?A? with a ?stable? outlook. The ratings reflect the trust?s reliable cash flow from contract-based rental income, strong operating performance, and its moderate financial leverage. However, the ratings are partially constrained by the tenant concentration risk. The ratings also take into consideration our concerns over the negative impacts of the Coronavirus Disease 2019 (COVID-19) outbr...

TRIS Rating affirms the company rating on Thoresen Thai Agencies PLC (TTA) and the ratings on its outstanding senior unsecured debentures at ?BBB? with a ?negative? outlook. At the same time, TRIS Rating assigns a rating of ?BBB? to TTA?s proposed issue of up to THB1.5 billion in senior unsecured debentures. The proceeds from the new debentures will be used to refinance debt coming due and to procure new dry-bulk vessels. The ratings are supported by TTA?s sound balance sheet with sizable cash reserves. However, the ratings continue to reflect TTA?s high business risk induced by the high leve...

TRIS Rating affirms the ratings on the guaranteed debentures of Amata B. Grimm Power SPV1 Ltd. (ABPSPV) at ?A-? with a ?stable? rating outlook. The debentures are jointly and severally guaranteed by three power generation companies: Amata B. Grimm Power 3 Ltd. (ABP3), Amata B. Grimm Power (Rayong) 1 Ltd. (ABPR1), and Amata B. Grimm Power (Rayong) 2 Ltd. (ABPR2). ABP3, ABPR1, and ABPR2 are rated ?A-? with ?stable? rating outlooks by TRIS Rating. The issue ratings reflect the creditworthiness of ABP3, ABPR1, and ABPR2. KEY RATING CONSIDERATIONS Unconditional and irrevocable guarantees The ratin...

TRIS Rating affirms the company rating on Amata B. Grimm Power 3 Ltd. (ABP3) at ?A-? with a ?stable? rating outlook. The rating reflects the predictable cash flows ABP3 receives through a long-term power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT) under the Small Power Producer (SPP) scheme. The rating also reflects the use of proven technology in its cogeneration power plant. In addition, its major shareholder, B. Grimm Power PLC (BGRIM) has a strong track record in operation of gas-fired power plants. KEY RATING CONSIDERATIONS Predictable cash flow ...

TRIS Rating affirms the company rating on Gulf Energy Development PLC (GULF) at ?A?. At the same time, we affirm the ratings on GULF?s senior unsecured debentures at ?A-?. The rating outlook remains ?stable?. The issue ratings? one notch below the company rating reflects the structural subordination of the claims under the debentures, due to GULF?s status as a holding company, compared with the debt obligations of the company?s operating subsidiaries. The ratings reflect the company?s position as one of the leading power producers in Thailand, its well-diversified portfolio, predictable cash ...