SINGAPORE (Standard&Poor's) March 28, 2011--Standard&Poor's Ratings Services said today that it had assigned its 'BBB+' issue rating to the proposed 10-year senior unsecured notes by PTTEP Canada International Finance Ltd. PTT Exploration and Production Public Co. Ltd. (PTTEP; BBB+/Stable/--) will guarantee the notes. The issue rating reflects PTTEP's direct, unconditional, and irrevocable guarantee. PTTEP Canada International Finance Ltd., an indirect wholly owned subsidiary of PTTEP, was established for the primary purpose of borrowing and issuing debt securities on behalf of PTTEP. The rating on the proposed notes is subject to our review of the finalized issuance documentation, and confirmation of the amount and terms. We expect PTTEP to use the proceeds from the proposed notes for
