Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB' - S&P Global Ratings’ Credit Research

Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB'

Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB' - S&P Global Ratings’ Credit Research
Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB'
Published Jul 04, 2016
3 pages (1157 words) — Published Jul 04, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SINGAPORE (S&P Global Ratings) July 4, 2016--S&P Global Ratings today corrected by reinstating its 'BBB' rating on the US$200 million (original principal amount) subordinated bonds issued by KASIKORNBANK PCL. The current outstanding amount of these bonds is US$183.312 million. We had withdrawn the rating in error on Jan. 2, 2016. The subordinated bonds remain outstanding and we expect the bank to redeem them on Aug. 21, 2016, the final maturity date. We have now reinstated the same rating as the one that was outstanding at the time of the withdrawal. RELATED CRITERIA AND RESEARCH Related Criteria General Criteria: National And Regional Scale Credit Ratings - September 22, 2014 General Criteria: S&P Global Ratings' National And Regional Scale Mapping Tables -

  
Brief Excerpt:

...SINGAPORE (S&P Global Ratings) July 4, 2016--S&P Global Ratings today corrected by reinstating its '###' rating on the US$200 million (original principal amount) subordinated bonds issued by KASIKORNBANK PCL. The current outstanding amount of these bonds is US$183.312 million. We had withdrawn the rating in error on Jan. 2, 2016. The subordinated bonds remain outstanding and we expect the bank to redeem them on Aug. 21, 2016, the final maturity date. We have now reinstated the same rating as the one that was outstanding at the time of the withdrawal. RELATED CRITERIA AND RESEARCH Related Criteria + General Criteria: National And Regional Scale Credit Ratings - September 22, 2014 + General Criteria: S&P Global Ratings' National And Regional Scale Mapping Tables - June 1, 2016 + General Criteria: Group Rating Methodology - November 19, 2013 + Criteria - Financial Institutions - Banks: Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions - January 29, 2015 +...

  
Report Type:

Ratings Action

Ticker
TFB@TB
Issuer
KASIKORNBANK PCL
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Thailand
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB'" Jul 04, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-KASIKORNBANK-s-US-200-Million-Subordinated-Bond-Reinstated-At-BBB-1668610>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On KASIKORNBANK's US$200 Million Subordinated Bond Reinstated At 'BBB' Jul 04, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-KASIKORNBANK-s-US-200-Million-Subordinated-Bond-Reinstated-At-BBB-1668610>
  
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