TICON gets straight ‘A’ ratings

Corporate December 05, 2018 01:00

By The Nation

TRIS Rating has affirmed the company rating for TICON Freehold and Leasehold Real Estate Investment Trust (TREIT) at “A” and the ratings for its existing senior unsecured debentures at “A”. 

At the same time, TRIS Rating assigned an “A” rating to TREIT’s proposed issue of up to Bt1.9 billion in senior unsecured debentures due within 10 years. The trust plans to use the proceeds from these debentures to fund new investment.