Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action - S&P Global Ratings’ Credit Research

Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action

Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action - S&P Global Ratings’ Credit Research
Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action
Published May 07, 2019
3 pages (1570 words) — Published May 07, 2019
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SINGAPORE (S&P Global Ratings) May 7, 2019--S&P Global Ratings today raised its long-term issuer credit ratings to 'BBB+' from 'BBB' on PTT Global Chemical Public Co. Ltd. (PTTGC) and Thai Oil Public Co. Ltd. (Thai Oil). The outlook is stable. We also raised our local currency issuer credit rating on PTT Exploration and Production Public Co. Ltd. (PTTEP) to 'A-', from 'BBB+', with a stable outlook and affirmed the 'BBB+' foreign currency issuer credit rating on the company. At the same time, we raised our foreign currency issue ratings on U.S. dollar-denominated notes issued or guaranteed by Thai Oil and PTTGC to 'BBB+' from 'BBB'. We also raised our local currency issue rating on Thai Oil to 'BBB+' from 'BBB'.

  
Brief Excerpt:

...May 7, 2019 SINGAPORE (S&P Global Ratings) May 7, 2019--S&P Global Ratings today raised its long-term issuer credit ratings to '###+' from '###' on PTT Global Chemical Public Co. Ltd. (PTTGC) and Thai Oil Public Co. Ltd. (Thai Oil). The outlook is stable. We also raised our local currency issuer credit rating on PTT Exploration and Production Public Co. Ltd. (PTTEP) to 'A-', from '###+', with a stable outlook and affirmed the '###+' foreign currency issuer credit rating on the company. At the same time, we raised our foreign currency issue ratings on U.S. dollar-denominated notes issued or guaranteed by Thai Oil and PTTGC to '###+' from '###'. We also raised our local currency issue rating on Thai Oil to '###+' from '###'. We affirmed the foreign currency issue ratings on the various debt instruments PTTEP has issued or guarantees, including that on the company's perpetual notes. The stand-alone credit profiles (SACP) are unchanged at '###' for PTTEP and '###-' for both PTTGC and Thai Oil....

  
Report Type:

Ratings Action

Issuer
PTT Global Chemical Public Co. Ltd.
GICS
Commodity Chemicals (15101010)
Sector
Global Issuers
Country
Thailand
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action" May 07, 2019. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Thailand-s-PTTGC-And-Thai-Oil-Raised-To-BBB-PTTEP-LC-Rating-Raised-To-A-After-PTT-Action-2227442>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Thailand's PTTGC And Thai Oil Raised To 'BBB+', PTTEP LC Rating Raised To 'A-' After PTT Action May 07, 2019. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Thailand-s-PTTGC-And-Thai-Oil-Raised-To-BBB-PTTEP-LC-Rating-Raised-To-A-After-PTT-Action-2227442>
  
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