SINGAPORE (Standard&Poor's) May 20, 2004--Standard&Poor's Ratings Services today assigned its 'BB' rating to the proposed US$150 million Floating Rate Certificates of Deposit (FRCD), due 2009, by Thailand's Krung Thai Bank Public Co. Ltd. (KTB; BB/Positive/B). The proposed US$150 million FRCD issue constitutes the direct, unsubordinated, unconditional, and unsecured obligations of KTB, and will at all times rank pari passu, without any preference among themselves, and with all other direct, unconditional, unsecured, and unsubordinated obligations of the bank (both present and future). Any material change to the terms and conditions of the proposed FRCD could affect the rating on the issue. With assets of Thai baht (THB) 1,134.5 billion (US$27.8 billion), KTB is the second-largest commercial bank
