Post by account_disabled on Jan 8, 2024 11:00:04 GMT
Factors supporting credit rating The rating of KTBST's subordinated bonds is one notch below the company's National Long-Term Rating, reflecting the higher loss severity risks of the subordinated bonds compared to Unsubordinated debt instruments This is a guideline for determining credit ratings that is consistent with Fitch's credit rating criteria (Corporate Hybrids Treatment and Notching Criteria) . This risk is a result of the subordinated status of the bonds. The bondholders will have lower priority of claims than ordinary creditors.
Fitch has not further downgraded the ratings Phone Number List of the subordinated bonds. Because it does not have the qualifications to absorb losses during operations. The subordinated bonds have going-concern loss absorption features and do not have equity conversion features. Fitch does not consider the subordinated bonds to have equity credit due to the maturity of the subordinated bonds. It is relatively short-term and is not intended to be counted as part of a company's capital structure. Factors that may affect the credit rating in the future Changes in KTBST's National Long.
Term Rating are likely to have a similar impact on the subordinated bond's rating. KTBST's National Rating is based on the company's financial strength. It also reflects the securities business network (franchise) in Thailand of small companies. The company's market share in trading value was approximately 1% at the end of the first quarter of 2019. The rating also reflects its relatively small capital base and higher debt levels compared to more established securities companies. Credit rating by Fitch And the company still faces risks in terms of its ability to raise money and liquidity in the medium term.
Fitch has not further downgraded the ratings Phone Number List of the subordinated bonds. Because it does not have the qualifications to absorb losses during operations. The subordinated bonds have going-concern loss absorption features and do not have equity conversion features. Fitch does not consider the subordinated bonds to have equity credit due to the maturity of the subordinated bonds. It is relatively short-term and is not intended to be counted as part of a company's capital structure. Factors that may affect the credit rating in the future Changes in KTBST's National Long.
Term Rating are likely to have a similar impact on the subordinated bond's rating. KTBST's National Rating is based on the company's financial strength. It also reflects the securities business network (franchise) in Thailand of small companies. The company's market share in trading value was approximately 1% at the end of the first quarter of 2019. The rating also reflects its relatively small capital base and higher debt levels compared to more established securities companies. Credit rating by Fitch And the company still faces risks in terms of its ability to raise money and liquidity in the medium term.