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PTTAR

PTTAR bonds rated "A+"

Fitch Ratings (Thailand) assigned an 'A+(tha)' National Long-term rating to PTT Aromatics and Refining Plc (PTTAR)'s secured and amortising debentures.



The Outlook is stable.

 These debentures were transferred from The Aromatics (Thailand) Plc (ATC) after the recent completion of the amalgamation between ATC and Rayong Refinery Plc (RRC).

 Simultaneously, the agency has upgraded the National Long-term rating of ATC's secured and amortising debentures to 'A+(tha)' from 'A-(tha)' (A minus (tha)), removed the rating from Rating Watch Positive, which it was placed on 24 July 2007 following the announcement of the amalgamation, and withdrawn the rating.

- The Nation


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