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Fitch Affirms Standard Chartered Bank (Thai) at 'A-'; Outlook Stable

Fitch Affirms Standard Chartered Bank (Thai) at 'A-'; Outlook Stable
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Fitch affirms Thailand's SME Bank at 'AAA(tha)'; Outlook Stable.

Fitch Ratings has affirmed Small and Medium Enterprise Development Bank of Thailand’s (SME Bank) National Long-Term Rating at ‘AAA(tha)’. The Outlook is Stable. The agency has also affirmed the bank’s National Short-Term Rating at ‘F1+(tha)’. KEY RATING DRIVERSGovernment Support Drives Ratings: SME Bank’s National Ratings reflect Fitch’s view that the Thai sovereign (BBB+/Stable) will provide […] ....

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