CK Power assigned “A” in company rating 

Corporate May 18, 2018 01:00

By The Nation

TRIS Rating has affirmed the company rating of CK Power PLC (CKP) at “A”. 



 At the same time, TRIS Rating has assigned the rating of “A-” to CKP’s proposed issue of Bt6.5 billion in senior unsecured debentures. 

 The one notch below the company rating reflects the structural subordination of the proposed debentures, compared with existing loans at subsidiaries. 

 The proceeds from the debentures will be used for investment and refinancing its existing debt.

 

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