Home Credit Ratings and Research S&P Global Ratings’ Credit Research PTT Global Chemical Public Co. Ltd.

Summary: PTT Global Chemical Public Co. Ltd.

Published Aug 25, 2014

2235 words — Published Aug 25, 2014

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Abstract:

Low costs and above average margins in olefin and polyolefin operations. Dominant market position across a range of chemical products in Thailand. Exposure to more volatile refining operations. Some single-site concentration risks. Stable cash flows. Positive free operating cash flows. Conservative financial policies. Strong liquidity and ample cash balances. The stable outlook on PTT Global Chemical Public Co. Ltd. reflects the outlook on the company's parent PTT Public Co. Ltd. (PTT: BBB+/Stable/--; axA+/--) because the rating on PTT Global factors in strong support from, and linkage with, the parent. The rating on PTT Global is unlikely to be higher than PTT's stand-alone credit profile of 'bbb'. The stable outlook on PTT Global also reflects our expectation that the company's debt-to-EBITDA

Brief Excerpt:

RESEARCH Summary: PTT Global Chemical Public Co. Ltd. Publication date: 25-Aug-2014 Primary Credit Analyst: Xavier Jean, Singapore (65) 6239-6346; xavier.jean@standardandpoors.com Secondary Contact: Yuehao Wu, CFA, Singapore (65)...

Report Type:

Summary

Issuer

PTT Global Chemical Public Co. Ltd.

GICS

Commodity Chemicals (15101010)

Sector

Global Issuers

Country

Thailand

Region

Emerging Markets

Format:

HTML

Research Update: PTT Global 'BBB' Rating Affirmed On Sustained Parent Support, Steady Financial Performance; Outlook Stable – 2015/05/25 – US$ 225.00

PTT Global Chemical Public Co. Ltd. – 2015/06/08 – US$ 500.00

Summary: PTT Global Chemical Public Co. Ltd. – 2015/06/08 – US$ 225.00

PTT Global Chemical Public Co. Ltd. – 2016/06/22 – US$ 500.00

Summary: PTT Global Chemical Public Co. Ltd. – 2016/06/22 – US$ 225.00

PTT Global Chemical Public Co. Ltd. – 2014/08/25 – US$ 500.00

PTT Global Chemical 'BBB' Rating Affirmed On Sustained Financial Performance And Parent Support; Outlook Stable – 2014/05/09 – US$ 150.00

Research Update: PTT Global Chemical 'BBB' Rating Affirmed On Sustained Financial Performance And Parent Support; Outlook Stable – 2014/05/09 – US$ 225.00

PTT Global Chemical Public Co. Ltd. 'BBB' Rating Affirmed On Steady Financial Performance; Outlook Stable – 2013/05/30 – US$ 150.00

Research Update: PTT Global Chemical Public Co. Ltd. 'BBB' Rating Affirmed On Steady Financial Performance; Outlook Stable – 2013/05/30 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: PTT Global Chemical Public Co. Ltd." Aug 25, 2014. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-PTT-Global-Chemical-Public-Co-Ltd-1355144>

APA:	S&P Global Ratings’ Credit Research. (). Summary: PTT Global Chemical Public Co. Ltd. Aug 25, 2014. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-PTT-Global-Chemical-Public-Co-Ltd-1355144>

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